MSC Industrial Gets a Hold Rating from KeyBanc

By Austin Angelo

KeyBanc analyst Steve Barger reiterated a Hold rating on MSC Industrial (NYSE: MSM) on September 15. The company’s shares closed on Friday at $72, close to its 52-week low of $65.42.

According to, Barger is a 5-star analyst with an average return of 18.4% and a 64.0% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Federal Signal Corp, and Freightcar America.

Currently, the analyst consensus on MSC Industrial is Moderate Buy and the average price target is $86, representing a 19.4% upside.

In a report issued on September 5, Stifel Nicolaus also reiterated a Hold rating on the stock with a $70 price target.

MSC Industrial’s market cap is currently $4.1B and has a P/E ratio of 18.05. The company has a book value ratio of 3.3530.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MSM in relation to earlier this year.

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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.