At the time of writing, Fastenal Co. [FAST] stock is trading at $66.17, up 1.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FAST shares have lost -1.84% over the last week, with a monthly amount glided 4.19%, and 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.
For the past year, the stock price of Fastenal Co. fluctuated between $53.49 and $79.04. Currently, Wall Street analysts expect the stock to reach $62.38 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $66.17 at the most recent close of the market. An investor can expect a potential drop of -5.73% based on the average FAST price forecast.
Analyzing the FAST fundamentals
According to Fastenal Co. [NASDAQ:FAST], the company’s sales were 7.42B for trailing twelve months, which represents an 1.76% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.25, 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 0.1.
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 65.43 points at the first support level, and at 64.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.75, and for the 2nd resistance point, it is at 67.34.
Ratios To Look Out For
It is important to note that Fastenal Co. [NASDAQ:FAST] has a current ratio of 4.39. Further, the Quick Ratio stands at 2.29, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 5.11, the price to book ratio is 10.84 and price to earnings (TTM) ratio is 32.94.
Transactions by insiders
Recent insider trading involved HSU Hsenghung Sam, Director, that happened on Jun 11 ’24 when 500.0 shares were purchased. Director, HSU Hsenghung Sam completed a deal on Jun 10 ’24 to buy 500.0 shares. Meanwhile, EXECUTIVE VICE PRESIDENT Jansen James C sold 11428.0 shares on May 29 ’24.
