Msc Industrial Direct Company(MSM-N)NYSE
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MSC Industrial (MSM) Receives a Hold from J.P. Morgan
J.P. Morgan analyst Patrick Baumann maintained a Hold rating on MSC Industrial (MSM – Research Report) yesterday and set a price target of $76.00. The companys shares closed last Thursday at $74.49, close to its 52-week low of $71.69.
According to TipRanks.com, Baumann is ranked #6134 out of 7920 analysts.
Currently, the analyst consensus on MSC Industrial is a Moderate Buy with an average price target of $81.00, an 8.4% upside from current levels. In a report issued on June 29, William Blair also downgraded the stock to Hold with a $67.00 price target.
See the top stocks recommended by analysts >> Based on MSC Industrials latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $959 million and net profit of $99.66 million. In comparison, last year the company earned revenue of $866 million and had a net profit of $94.43 million. Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSM in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company was founded by Sidney Jacobson in 1941 and is headquartered in Melville, NY. Read More on MSM:- J.P. Morgan Maintains Their Hold Rating on Mesa Laboratories (MLAB)
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