Wells Fargo (NYSE:WFC) analyst Michael McGinn maintained a Buy rating on Msc Industrial Direct Company on Wednesday, setting a price target of $105, which is approximately 30.40% above the present share price of $80.52.
McGinn expects Msc Industrial Direct Company to post earnings per share (EPS) of $1.69 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in MSC Industrial (NYSE:MSM), with an average price target of $102.83.
The analysts price targets range from a high of $115 to a low of $92.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $866.29 million and a net profit of $109.14 million. The company's market cap is $4.48 billion.
According to TipRanks.com, Wells Fargo analyst Michael McGinn is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 56.00% success rate.
MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations 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.