Northcoast Research analyst Ryan Cieslak reiterated a Buy rating on MSC Industrial (NYSE: MSM) on July 12 and set a price target of $95. The company’s shares closed yesterday at $81.71.
Cieslak has an average return of 0.4% when recommending MSC Industrial.
According to TipRanks.com, Cieslak is ranked #2091 out of 4843 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MSC Industrial with a $93.50 average price target.
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The company has a one-year high of $99.94 and a one-year low of $65.42. Currently, MSC Industrial has an average volume of 527.9K.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Steve Armstrong, the SVP, GC and Corp. Secy. of MSM sold 6,641 shares for a total of $630,895.
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MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations (MRO) products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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 was founded by Sidney Jacobson in 1941 and is headquartered in Melville, NY.
