Equities researchers at Barclays Capital cut their target price on shares of MSC Industrial Direct (NYSE: MSM) MSC Industrial Direct traded up 3.45% on Friday, hitting $76.19. MSC Industrial Direct has a 1-year low of $61.39 and a 1-year high of $84.76. The stock?s 50-day moving average is currently $73.25. The company has a market cap of $4.781 billion and a price-to-earnings ratio of 18.00. MSC Industrial Direct last posted its quarterly earnings results on Thursday, January 10th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $577.50 million for the quarter, compared to the consensus estimate of $582.62 million. During the same quarter in 2012, the company posted $0.95 earnings per share. The company?s revenue for the quarter was up 5.8% on a year-over-year basis. MSC Industrial Direct has set its Q2 guidance at $0.86-0.90 EPS. Analysts expect that MSC Industrial Direct will post $4.32 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of MSC Industrial Direct from $81.00 to $79.00 in a research note to investors on Friday. They now have a ?hold? rating on the stock. Separately, analysts at William Blair reiterated an ?outperform? rating on shares of MSC Industrial Direct in a research note to investors on Friday. Finally, analysts at Stephens upgraded shares of MSC Industrial Direct from an ?equal weight? rating to an ?overweight? rating in a research note to investors on Friday. They now have a $92.00 price target on the stock, up previously from $80.00.
Five equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and nine have assigned a hold rating to the stock. The stock presently has a consensus rating of ?overweight? and a consensus target price of $83.00.
MSC Industrial Direct Co, Inc. (MSC) is a direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.