At the time of writing, Fastenal Co. [FAST] stock is trading at $75.94, up 2.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FAST shares have gain 4.01% over the last week, with a monthly amount glided 9.30%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Fastenal Receives EcoVadis Silver Medal for Sustainability. In a post published today on Yahoo Finance, Fastenal Company (Nasdaq: FAST), a leader in the wholesale distribution of industrial and construction supplies, is proud to announce it has been awarded a silver medal from EcoVadis. The award, which is based on an assessment completed by EcoVadis in late 2023, signifies that the quality of Fastenal’s sustainability management system ranks in the top 25% of all companies in all industries rated by EcoVadis.
From an analyst’s perspective:
Fastenal Co. [NASDAQ: FAST] stock has seen the most recent analyst activity on September 15, 2023, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $59. Previously, Stephens downgraded its rating to Equal-Weight on July 13, 2023, and kept the price target unchanged to $60. On April 04, 2023, Stifel initiated with a Buy rating and assigned a price target of $61 on the stock. Robert W. Baird downgraded its rating to a Neutral but $48 remained the price target by the analyst firm on July 14, 2022. Wells Fargo upgraded its rating to Equal Weight for this stock on March 08, 2022, and upped its price target to $58. In a note dated October 08, 2021, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $50 to $45.
For the past year, the stock price of Fastenal Co. fluctuated between $49.99 and $75.81. Currently, Wall Street analysts expect the stock to reach $54.6 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $75.94 at the most recent close of the market. An investor can expect a potential drop of -28.1% based on the average FAST price forecast.
Analyzing the FAST fundamentals
According to Fastenal Co. [NASDAQ:FAST], the company’s sales were 7.35B for trailing twelve months, which represents an 3.72% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.26, Equity is 0.34 and Total Capital is 0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.08 points at the first support level, and at 74.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.53, and for the 2nd resistance point, it is at 77.11.
Fastenal Co. [FAST] reported earnings per share of $0.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.01 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.52 per share as compared to estimates of $0.5 per share, a difference of $0.02 representing a surprise of 4.00%.
Ratios To Look Out For
It is important to note that Fastenal Co. [NASDAQ:FAST] has a current ratio of 4.57. Also, the Quick Ratio is 2.27, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 5.92, the price to book ratio is 12.97 and price to earnings (TTM) ratio is 37.67.
Transactions by insiders
Recent insider trading involved Watts Jeffery Michael, CHIEF SALES OFFICER, that happened on Feb 20 ’24 when 19420.0 shares were sold. EVP-OPERATIONS, Broersma Anthony Paul completed a deal on Feb 06 ’24 to sell 5586.0 shares. Meanwhile, EXECUTIVE VICE-PRESIDENT Drazkowski William Joseph sold 11968.0 shares on Jan 25 ’24.
