MSC Industrial Direct Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of MSC Industrial Direct Co Inc (Symbol: MSM) have crossed above the average analyst 12-month target price of $80.80, changing hands for $81.34 per share. When a stock reaches the target an analyst has set, they may have two main reactions: downgrade on valuation or increase their price target. The decision can also depend on recent developments within the company that may have driven the stock price higher.
Five different analysts contribute to MSC Industrial Direct Co Inc’s average target, yet this average reflects differing opinions. For example, one analyst has a target of $73.00, while another holds a more optimistic view with a target of $91.00. The standard deviation among these targets is $7.362.
Investors often look at the average price target for valuable insights, as it aggregates the perspectives of various analysts rather than relying solely on one expert’s opinion. With MSM now trading above the average target price of $80.80 per share, investors are prompted to evaluate whether this is a stepping stone toward even higher targets or a signal to consider cashing out as the stock may be overvalued. Below is a summary table of current analyst ratings for MSC Industrial Direct Co Inc:
| Recent MSM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 8 | 8 | 8 | 8 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.78 | 2.78 | 2.78 | 2.78 |
The average rating expressed in the last row of the above table ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For more in-depth analysis, refer to the latest Zacks research report on MSM — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
