At the time of writing, MSC Industrial Direct Co., Inc. [MSM] stock is trading at $82.42, up 1.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The MSM shares have gain 2.30% over the last week, with a monthly amount drifted -4.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MSC Industrial Direct Co., Inc. [NYSE: MSM] stock has seen the most recent analyst activity on June 17, 2024, when Loop Capital downgraded its rating to a Hold but kept the price target unchanged to $80 for it. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on June 17, 2024. On May 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $95 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $124 on October 09, 2023. William Blair downgraded its rating to Mkt Perform for this stock on June 30, 2022, but kept the price target unchanged to $67. In a note dated August 03, 2021, Loop Capital initiated an Hold rating and provided a target price of $92 on this stock.
For the past year, the stock price of MSC Industrial Direct Co., Inc. fluctuated between $75.05 and $104.76. Currently, Wall Street analysts expect the stock to reach $105.71 within the next 12 months. MSC Industrial Direct Co., Inc. [NYSE: MSM] shares were valued at $82.42 at the most recent close of the market. An investor can expect a potential return of 28.26% based on the average MSM price forecast.
Analyzing the MSM fundamentals
According to MSC Industrial Direct Co., Inc. [NYSE:MSM], the company’s sales were 3.82B for trailing twelve months, which represents an -8.03% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.19 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 80.65 points at the first support level, and at 78.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.64, and for the 2nd resistance point, it is at 84.85.
Ratios To Look Out For
It is important to note that MSC Industrial Direct Co., Inc. [NYSE:MSM] has a current ratio of 1.96. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 17.99.
Transactions by insiders
Recent insider trading involved Shacklett Kimberly, SVP, Sales & Customer Success, that happened on Jul 17 ’24 when 4885.0 shares were sold. Director, JACOBSON MITCHELL completed a deal on Jan 31 ’24 to sell 24501.0 shares. Meanwhile, Director JACOBSON MITCHELL sold 0.14 million shares on Jan 29 ’24.
