In the latest trading session, MSC Industrial Direct Co Inc (Symbol: MSM) shares have surpassed the average analyst’s 12-month target price of $80.80, currently trading at $82.64 per share. Once a stock reaches an analyst’s target, the analyst typically faces two choices: either downgrade based on valuation or raise the target price. The analyst’s decision may hinge on recent business developments that could justify a higher stock price. If things are improving at the company, a target price adjustment could be forthcoming.
Current Analyst Outlooks on MSC Industrial
There are five distinct analyst targets included in the average for MSC Industrial Direct Co Inc. It’s important to note that the average reflects a collection of different opinions, not just one perspective. For instance, while one analyst proposes a target of $73.00, another sees a potential high of $91.00. The standard deviation among these estimates stands at $7.362, indicating a range of views within the analyst community.
Investor Considerations After Price Movement
The primary purpose of monitoring the average price target for MSM is to tap into collective analyst insights, rather than relying on a single viewpoint. With MSM exceeding the average target price of $80.80 per share, it’s a crucial moment for investors to evaluate the company’s status. They face a decision: Is $80.80 merely a waypoint on the road to even higher targets, or has the stock price increased to a level that warrants considering profit-taking? Below is a table summarizing recent analyst ratings for MSC Industrial Direct Co Inc:
| Recent MSM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 8 | 8 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 3.0 | 3.0 | 2.78 | 2.78 |
The average rating is based on a scale from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data from Zacks Investment Research via Quandl.com. To access the latest Zacks research report on MSM, it is available free of charge.
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Additional Resources:
• KRON Average Annual Return
• Institutional Holders of JNJ
• HES Technical Analysis
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
