Worth Watching: Can MSC Industrial Direct Co Inc’s Tomorrow be Different? The Stock Just Broke Its High

Worth Watching: Can MSC Industrial Direct Co Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of MSC Industrial Direct Co Inc (NYSE:MSM) hit a new 52-week high and has $124.76 target or 45.00% above today’s $86.04 share price. The 5 months bullish chart indicates low risk for the $4.87B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $124.76 price target is reached, the company will be worth $2.19 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 297,969 shares traded hands. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 10.92% since April 19, 2016 and is uptrending. It has outperformed by 7.06% 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 of MSC Industrial Direct Co Inc (NYSE:MSM) has “Overweight” rating given on Monday, March 14 by KeyBanc Capital Markets. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Tuesday, July 21. The firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. Stephens maintained MSC Industrial Direct Co Inc (NYSE:MSM) rating on Wednesday, October 28. Stephens has “Equal-Weight” rating and $60 price target. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Neutral” rating given on Friday, August 26 by Macquarie Research. Credit Suisse maintained it with “Underperform” rating and $65 target price in Friday, August 19 report. The rating was downgraded by Credit Suisse on Friday, June 17 to “Underperform”. Barclays Capital maintained it with “Equalweight” rating and $64 target price in Thursday, April 7 report. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) earned “Buy” rating by Gabelli on Friday, January 15. The firm has “Underweight” rating given on Wednesday, May 25 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 decreased to 0.81 in Q2 2016. Its down 0.61, from 1.42 in 2016Q1. The ratio worsened, 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.
Raymond James & Assoc has 286,258 shares for 0.06% of their US portfolio. Mufg Americas Holdg Corporation has invested 0.02% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Stifel Corp last reported 0.01% of its portfolio in the stock. Advantus Capital Mgmt last reported 0.01% of its portfolio in the stock. The New York-based Cornerstone Cap Management Holdings Ltd Liability Com has invested 0.11% in MSC Industrial Direct Co Inc (NYSE:MSM). Hermes Mngmt has 304,626 shares for 0.43% of their US portfolio. Qci Asset Management has invested 0% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Fiera Cap, a Quebec – Canada-based fund reported 19,100 shares. Cadence Cap Mngmt owns 10,091 shares or 0.05% of their US portfolio. Great West Life Assurance Com Can holds 4,642 shares or 0% of its portfolio. Point72 Asia (Hong Kong) accumulated 1,100 shares or 0.09% of the stock. Credit Agricole S A has 0% invested in the company for 8,237 shares. Thrivent Financial For Lutherans reported 6,820 shares or 0% of all its holdings. Aston Asset Management Limited Co owns 15,869 shares or 0.68% of their US portfolio. State Common Retirement Fund has invested 0.02% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM).

Insider Transactions: Since August 19, 2016, the stock had 0 insider buys, and 3 selling transactions for $854,014 net activity. 4,517 shares were sold by Jones Douglas E, worth $329,786 on Wednesday, November 2. Another trade for 3,000 shares valued at $250,500 was sold by Davanzo Christopher. Armstrong Steve sold $273,728 worth of stock.

More important recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Marketwatch.com which released: “MSC Industrial Direct Co.” on December 21, 2009, also Fool.com published article titled: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?”, Quotes.Wsj.com published: “News MSC Industrial Direct Co.MSM” on February 11, 2011. More interesting news about MSC Industrial Direct Co Inc (NYSE:MSM) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and …” with publication date: November 08, 2016.

MSM Company Profile

MSC Industrial Direct Co., Inc., incorporated on October 25, 1995, is a North American distributor of metalworking and maintenance, repair and activities (MRO) services and products. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, 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 Firm serves a range of clients throughout the United States, Canada and the United Kingdom, from individual machine shops, to manufacturing companies, to government agencies, such as the General Services Administration and the Department of Defense. It also serves durable and non-durable goods manufacturing, education and healthcare markets, among others. The Company’s federal government clients include large and small military bases, veterans affairs hospitals, federal correctional facilities and the United States Postal Service, among others. The Company’s national account program also includes privately held companies and international companies doing business in the United States.

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