Fastenal Co. (NASDAQ:FAST) does about 3.93M shares in volume on a normal day but saw 2835879 shares change hands in Monday’s trading. The company now has a market cap of 43.84B USD. Its current market price is $76.59, marking a decrease of -0.71% compared to the previous close of $77.14. The 52 week high reached by this stock is $79.04 whilst the lowest price level in 52 weeks is $49.99.
Fastenal Co. (FAST) has a 20-day trading average at $76.04 and the current price is -3.10% off the 52-week high compared with 53.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $72.60 and its 200-day simple moving average is $62.26. If we look at the stock’s price movements over the week, volatility stands at 1.33%, which increases to 1.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.05 to suggest the stock is neutral.
The consensus objective for the share price is $66.61, suggesting that the stock has a potential downside of -14.98% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 15, 2023 when HSBC Securities initiated the stock to “Hold” and issued a price target of $59. Stephens downgraded the stock to “Equal-Weight” from Overweight on July 13, 2023 at a price target of $60. Stifel initiated its price target at $61.
Fastenal Co. (FAST) stock is down -1.93% over the week and 4.90% over the past month. Its price is 18.25% year-to-date and 45.50% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.46 above consensus estimates by $0.01. FAST’s earnings per share are forecast to grow by 6.90% this year and 8.80% over next year. Expected sales for next quarter are $2 billion, which analysts say will come at $7.85 billion for the current fiscal year and next year at $8.48 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.92 billion.
To reach the target analysts have set, the stock logically needs to shrink -14.98 percent from here.
Outstanding shares total 571.98M with insiders holding 0.18% of the shares and institutional holders owning 85.18% of the company’s common stock. The company has a return on investment of 30.99% and return on equity of 35.47%. The price to earnings ratio (P/E ratio) amounts to 38.00 while the forward price to earnings ratio is 32.61. The beta has a value of 1.04. Price to book ratio is 13.08 and price to sales ratio is 5.97.
