Fastenal Co. [FAST] stock prices are down -1.43% to $67.50 at the moment. 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 lost -3.41% over the last week, with a monthly amount drifted -11.43%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Fastenal Co. [FAST] has been fluctuating between $51.96 and $79.04 over the past year. Currently, Wall Street analysts expect the stock to reach $59.88 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $67.50 at the most recent close of the market. An investor can expect a potential drop of -11.29% based on the average FAST price forecast.
Analyzing the FAST fundamentals
The Fastenal Co. [NASDAQ:FAST] reported sales of 7.38B for trailing twelve months, representing a surge of 1.94%. 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 0.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 66.90 points at the first support level, and at 66.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.57, and for the 2nd resistance point, it is at 69.63.
Ratios To Look Out For
It’s worth pointing out that Fastenal Co. [NASDAQ:FAST]’s Current Ratio is 4.83. Also, the Quick Ratio is 2.49, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 5.23, the price to book ratio is 11.27 and price to earnings (TTM) ratio is 33.43.
Transactions by insiders
Recent insider trading involved Johnson Daniel L., Director, that happened on Apr 17 ’24 when 3350.0 shares were purchased. SENIOR EXECUTIVE VP, Miller Charles S. completed a deal on Mar 15 ’24 to sell 11076.0 shares. Meanwhile, CHIEF SALES OFFICER Watts Jeffery Michael sold 19420.0 shares on Feb 20 ’24.
