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Zacks Investment Research announced MSC Industrial Direct Co Inc (NYSE:MSM), boosting its stock price target to $99.00 today

Just yesterday MSC Industrial Direct Co Inc (NYSE:MSM) traded 0.32% higher at $89.04. MSC Industrial Direct Co Inc’s 50-day moving average is $76.76 and its 200-day moving average is $90.34. The last stock price is down -22.81% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 308,440 shares of MSM traded hands, down from an average trading volume of 735,723

In a report released on 7/08/2017 Zacks Investment Research increased the stock price target of MSC Industrial Direct Co Inc (NYSE:MSM) to $99.00 reporting a possible upside of 0.11%.

Recent Performance Chart

MSC Industrial Direct Co Inc (NYSE:MSM)

MSC Industrial Direct Co Inc has 52 week low of $68.43 and a 52 week high of $105.70 with a PE ratio of 17.39 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $73.43 with 0 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 11 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On MSC Industrial Direct Co Inc (NYSE:MSM)

MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. 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 Company serves a range of customers 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. The Company also serves durable and non-durable goods manufacturing, education and healthcare markets, among others. As of September 3, 2016, the Company had operated a network of 12 customer fulfillment centers.

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