A share price of Fastenal Co. [FAST] is currently trading at $68.09, up 3.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The FAST shares have lost -0.28% over the last week, with a monthly amount glided 2.90%, 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 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $72. Previously, HSBC Securities started tracking the stock with Hold rating on September 15, 2023, and set its price target to $59. On July 13, 2023, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $60 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $61 on April 04, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on July 14, 2022, but kept the price target unchanged to $48. In a note dated March 08, 2022, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $50 to $58.
Fastenal Co. experienced fluctuations in its stock price throughout the past year between $53.49 and $79.04. Currently, Wall Street analysts expect the stock to reach $63.44 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $68.09 at the most recent close of the market. An investor can expect a potential drop of -6.83% based on the average FAST price forecast.
Analyzing the FAST fundamentals
Trailing Twelve Months sales for Fastenal Co. [NASDAQ:FAST] were 7.42B which represents 1.76% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 66.56 points at the first support level, and at 65.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.04, and for the 2nd resistance point, it is at 70.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fastenal Co. [NASDAQ:FAST] is 4.39. On the other hand, the Quick Ratio is 2.29, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 5.26, the price to book ratio is 11.15 and price to earnings (TTM) ratio is 33.90.
Transactions by insiders
Recent insider trading involved FLORNESS DANIEL L, CEO, that happened on Aug 21 ’24 when 45744.0 shares were sold. Officer, DANIEL LARS FLORNESS completed a deal on Aug 21 ’24 to buy 45744.0 shares. Meanwhile, Director HSU Hsenghung Sam bought 500.0 shares on Jun 10 ’24.
