Fastenal Co. [FAST] stock is trading at $78.34, up 0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The FAST shares have gain 3.17% over the last week, with a monthly amount glided 10.20%, 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.
Fastenal Co. [FAST] stock has fluctuated between $57.20 and $79.04 over the past year. Currently, Wall Street analysts expect the stock to reach $69.4 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $78.34 at the most recent close of the market. An investor can expect a potential drop of -11.41% based on the average FAST price forecast.
Analyzing the FAST fundamentals
Fastenal Co. [NASDAQ:FAST] reported sales of 7.48B for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 77.55 points at the first support level, and at 76.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.77, and for the 2nd resistance point, it is at 79.20.
Ratios To Look Out For
For context, Fastenal Co.’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 6.00, the price to book ratio is 12.48 and price to earnings (TTM) ratio is 38.93.
Transactions by insiders
Recent insider trading involved RITA JOYCE HEISE, Director, that happened on Oct 30 ’24 when 10888.0 shares were purchased. EVP-OPERATIONS, Broersma Anthony Paul completed a deal on Oct 16 ’24 to sell 680.0 shares. Meanwhile, EXECUTIVE VICE-PRESIDENT Drazkowski William Joseph sold 16362.0 shares on Oct 16 ’24.
