Fastenal Co. [FAST] stock prices are up 9.76% to $76.82 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FAST shares have gain 9.46% over the last week, with a monthly amount glided 10.03%, 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 October 07, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $85. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 06, 2024, and set its price target to $72. On September 15, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $59 on the stock. Stephens downgraded its rating to a Equal-Weight but stick to its price target of $60 on July 13, 2023. Stifel initiated its recommendation with a Buy and recommended $61 as its price target on April 04, 2023. In a note dated July 14, 2022, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $48.
The stock price of Fastenal Co. [FAST] has been fluctuating between $55.07 and $79.04 over the past year. Currently, Wall Street analysts expect the stock to reach $62.7 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $76.82 at the most recent close of the market. An investor can expect a potential drop of -18.38% based on the average FAST price forecast.
Analyzing the FAST fundamentals
The Fastenal Co. [NASDAQ:FAST] reported sales of 7.48B for trailing twelve months, representing a surge of 3.48%. 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 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.24, Equity is 0.33 and Total Capital is 0.38. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 72.98 points at the first support level, and at 69.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.95, and for the 2nd resistance point, it is at 81.07.
Ratios To Look Out For
It’s worth pointing out that Fastenal Co. [NASDAQ:FAST]’s Current Ratio is 4.40. On the other hand, the Quick Ratio is 2.29, and the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 5.88, the price to book ratio is 12.23 and price to earnings (TTM) ratio is 38.16.
Transactions by insiders
Recent insider trading involved FLORNESS DANIEL L, CEO, that happened on Sep 12 ’24 when 50000.0 shares were sold. Officer, DANIEL LARS FLORNESS completed a deal on Sep 12 ’24 to buy 50000.0 shares. Meanwhile, CEO FLORNESS DANIEL L sold 45744.0 shares on Aug 21 ’24.
