At the time of writing, Fastenal Co [FAST] stock is trading at $73.74, up 1.17%. 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 gain 2.46% over the last week, with a monthly amount drifted -6.96%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Fastenal Co [NASDAQ: FAST] stock has seen the most recent analyst activity on December 11, 2024, when Stifel downgraded its rating to a Hold but kept the price target unchanged to $86 for it. Previously, HSBC Securities downgraded its rating to Reduce on December 11, 2024, and kept the price target unchanged to $70. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $85 on October 07, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $72 as its price target on September 06, 2024. HSBC Securities started tracking with a Hold rating for this stock on September 15, 2023, and assigned it a price target of $59. In a note dated July 13, 2023, Stephens downgraded an Equal-Weight rating on this stock but restated the target price of $60.
For the past year, the stock price of Fastenal Co fluctuated between $61.36 and $84.88. Currently, Wall Street analysts expect the stock to reach $77.8 within the next 12 months. Fastenal Co [NASDAQ: FAST] shares were valued at $73.74 at the most recent close of the market. An investor can expect a potential return of 5.51% based on the average FAST price forecast.
Analyzing the FAST fundamentals
According to Fastenal Co [NASDAQ:FAST], the company’s sales were 7.48B for trailing twelve months, which represents an 3.48% 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 0.15%. 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 73.10 points at the first support level, and at 72.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.16, and for the 2nd resistance point, it is at 74.59.
Ratios To Look Out For
It is important to note that Fastenal Co [NASDAQ:FAST] has a current ratio of 4.40. Further, the Quick Ratio stands at 2.29, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 5.65, the price to book ratio is 11.74 and price to earnings (TTM) ratio is 36.65.
Transactions by insiders
Recent insider trading involved Jansen James C, Executive Vice President, that happened on Nov 22 ’24 when 19564.0 shares were sold. Officer, JAMES C. JANSEN completed a deal on Nov 22 ’24 to buy 19564.0 shares. Meanwhile, SENIOR EXECUTIVE VP Miller Charles S. sold 23480.0 shares on Nov 13 ’24.
