Worth Watching: Could MSC Industrial Direct Co Inc Lose its Strength? The Stock Reaches 52-Week High

Worth Watching: Could MSC Industrial Direct Co Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of MSC Industrial Direct Co Inc (NYSE:MSM) hit a new 52-week high and has $92.93 target or 5.00% above today’s $88.50 share price. The 8 months bullish chart indicates low risk for the $5.05B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $92.93 price target is reached, the company will be worth $252.50M 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 658,593 shares traded hands. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 17.70% since April 25, 2016 and is uptrending. It has outperformed by 11.68% the S&P500.

Analysts await MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings on January, 4. They expect $0.93 EPS, up 4.49% or $0.04 from last year’s $0.89 per share. MSM’s profit will be $53.07 million for 23.79 P/E if the $0.93 EPS becomes a reality. After $1.02 actual EPS reported by MSC Industrial Direct Co Inc for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

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. BMO Capital Markets initiated MSC Industrial Direct Co Inc (NYSE:MSM) on Tuesday, April 5 with “Market Perform” rating. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) earned “Neutral” rating by Sterne Agee CRT on Tuesday, March 22. Macquarie Research initiated MSC Industrial Direct Co Inc (NYSE:MSM) rating on Friday, August 26. Macquarie Research has “Neutral” rating and $80 price target. KeyBanc Capital Markets initiated the stock with “Overweight” rating in Tuesday, July 21 report. Stephens maintained the shares of MSM in a report on Wednesday, October 28 with “Equal-Weight” rating. KeyBanc Capital Markets maintained MSC Industrial Direct Co Inc (NYSE:MSM) on Monday, March 14 with “Overweight” rating. The rating was maintained by Barclays Capital on Thursday, April 7 with “Equalweight”. Gabelli initiated MSC Industrial Direct Co Inc (NYSE:MSM) on Monday, January 18 with “Buy” rating. Credit Suisse downgraded MSC Industrial Direct Co Inc (NYSE:MSM) on Friday, June 17 to “Underperform” rating. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, May 25.

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 2016 Q2. Its down 0.61, from 1.42 in 2016Q1. The ratio turned negative, 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.
Fil has invested 0.01% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Moreover, Professional Advisory Services has 1.76% invested in MSC Industrial Direct Co Inc (NYSE:MSM) for 109,327 shares. Teton Advsrs has 0.3% invested in the company for 46,538 shares. Martingale Asset L P reported 29,555 shares or 0.03% of all its holdings. Neuberger Berman Gp Limited Liability holds 0% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM) for 13,050 shares. The Maryland-based Calvert Inv Mngmt Incorporated has invested 0.01% in MSC Industrial Direct Co Inc (NYSE:MSM). Trexquant Investment Lp, a Connecticut-based fund reported 6,749 shares. Massachusetts Financial Ser Ma has 276,806 shares for 0.01% of their US portfolio. Point72 Asset Mngmt L P last reported 111,900 shares in the company. Magnetar Lc has 8,076 shares for 0.01% of their US portfolio. The New York-based Goldman Sachs Gp Inc has invested 0.01% in MSC Industrial Direct Co Inc (NYSE:MSM). Teacher Retirement Systems Of Texas has 0.02% invested in the company for 41,179 shares. Segall Bryant & Hamill Limited Liability Corp, a Illinois-based fund reported 64,037 shares. Buffington Mohr Mcneal holds 6,825 shares or 0.21% of its portfolio. Kcg Incorporated accumulated 12,957 shares or 0.02% of the stock.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 7 insider sales for $1.80 million net activity. On Wednesday, November 2 the insider Jones Douglas E sold $329,786. Armstrong Steve sold $273,728 worth of stock or 3,732 shares. 3,000 shares with value of $250,500 were sold by Davanzo Christopher on Tuesday, November 15. Bonomo Charles sold $339,528 worth of stock. BARUCH STEVEN N had sold 2,169 shares worth $183,199 on Friday, November 18.

More 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 Nasdaq.com published the news titled: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and …” on November 08, 2016. Fool.com‘s news article titled: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?” with publication date: October 31, 2015 was also an interesting one.

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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