The stock of MSC Industrial Direct Co Inc (NYSE:MSM) hit a new 52-week high and has $130.03 target or 63.00% above today’s $79.77 share price. The 9 months bullish chart indicates low risk for the $4.54 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $130.03 price target is reached, the company will be worth $2.86 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 186,039 shares traded hands. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 2.91% since April 7, 2016 and is uptrending. It has underperformed by 1.88% the S&P500.
MSC Industrial Direct Co Inc (NYSE:MSM) Ratings Coverage
Out of 9 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. MSC Industrial Direct Co. has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Sterne Agee CRT on Tuesday, March 22. On Wednesday, May 25 the stock rating was downgraded by Barclays Capital to “Underweight”. Barclays Capital maintained MSC Industrial Direct Co Inc (NYSE:MSM) on Monday, October 5 with “Equal-Weight” rating. The firm has “Underperform” rating given on Friday, August 19 by Credit Suisse. KeyBanc Capital Markets maintained the shares of MSM in a report on Monday, March 14 with “Overweight” rating. BMO Capital Markets initiated it with “Market Perform” rating and $80 target price in Tuesday, April 5 report. As per Wednesday, October 28, the company rating was maintained by Stephens. On Monday, January 18 the stock rating was initiated by Gabelli with “Buy”. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) earned “Buy” rating by Gabelli on Friday, January 15. As per Thursday, April 7, the company rating was maintained by Barclays Capital.
According to Zacks Investment Research, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements.”
Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.12, from 1.3 in 2016Q1. The ratio increased, as 27 funds sold all MSC Industrial Direct Co Inc shares owned while 86 reduced positions. 52 funds bought stakes while 108 increased positions. They now own 47.57 million shares or 0.06% less from 47.60 million shares in 2016Q1.
Blackrock Mgmt Ltd Llc holds 0.02% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM) for 177,098 shares. The Colorado-based Arrowpoint Asset Mngmt Lc has invested 1.36% in MSC Industrial Direct Co Inc (NYSE:MSM). Jefferies Grp Inc Limited Liability Company owns 7,566 shares or 0% of their US portfolio. Omers Administration last reported 103,500 shares in the company. Ibm Retirement Fund has 0.01% invested in the company for 4,785 shares. Bokf Na owns 9,831 shares or 0.02% of their US portfolio. Moreover, Amp Cap Limited has 0% invested in MSC Industrial Direct Co Inc (NYSE:MSM) for 3,400 shares. Gabelli Funds Ltd Liability has invested 0.01% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Wfg Advisors Lp accumulated 0.01% or 741 shares. Wells Fargo Company Mn last reported 0% of its portfolio in the stock. Raymond James & Assocs has invested 0.06% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). The Texas-based Capstone Asset Management has invested 0.01% in MSC Industrial Direct Co Inc (NYSE:MSM). Moreover, M&T Natl Bank has 0% invested in MSC Industrial Direct Co Inc (NYSE:MSM) for 4,299 shares. The Idaho-based Mountain Pacific Advisers Id has invested 1.71% in MSC Industrial Direct Co Inc (NYSE:MSM). Tiaa Cref Investment Mngmt Lc has 0.02% invested in the company for 290,054 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 3 sales for $715,264 net activity. $111,750 worth of MSC Industrial Direct Co Inc (NYSE:MSM) was sold by SANDLER DAVID on Tuesday, May 17. Jones Douglas E sold $329,786 worth of MSC Industrial Direct Co Inc (NYSE:MSM) on Wednesday, November 2. Armstrong Steve also sold $273,728 worth of MSC Industrial Direct Co Inc (NYSE:MSM) shares.
More important recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and …” on November 08, 2016, also Marketwatch.com published article titled: “MSC Industrial Direct Co.”, Fool.com published: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?” on October 31, 2015. More interesting news about MSC Industrial Direct Co Inc (NYSE:MSM) was released by: Quotes.Wsj.com and their article: “News MSC Industrial Direct Co.MSM” with publication date: February 11, 2011.
MSM Company Profile
MSC Industrial Direct Co., Inc. (MSC), incorporated on October 25, 1995, is direct marketers and distributors of a range of metalworking and maintenance, repair and activities (MRO) products to clients throughout the United States. The Firm operates primarily in the United States, with clients in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).
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