Fastenal Co. [NASDAQ: FAST] price plunged by -0.03 percent to reach at -$0.02. The company report on March 5, 2024 at 4:15 PM that Fastenal Receives EcoVadis Silver Medal for Sustainability.
Fastenal Company (Nasdaq: FAST), a leader in the wholesale distribution of industrial and construction supplies, is proud to announce it has been awarded a silver medal from EcoVadis. The award, which is based on an assessment completed by EcoVadis in late 2023, signifies that the quality of Fastenal’s sustainability management system ranks in the top 25% of all companies in all industries rated by EcoVadis.
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EcoVadis uses a broad range of criteria to score companies’ sustainability programs in four main areas: environment, ethics, labor and human rights, and sustainable procurement. In addition to helping Fastenal identify opportunities to reduce risk and improve its sustainability performance, the assessment helps current and potential customers identify Fastenal as a responsible business partner.
The one-year FAST stock forecast points to a potential downside of -13.12. The average equity rating for FAST stock is currently 3.18, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Fastenal Co. [FAST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FAST shares is $65.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FAST stock is a recommendation set at 3.18. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Fastenal Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 15, 2023. The new note on the price target was released on July 13, 2023, representing the official price target for Fastenal Co. stock. Previously, the target price had yet another raise to $61, while Stifel analysts kept a Buy rating on FAST stock.
The Average True Range (ATR) for Fastenal Co. is set at 1.20, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 5.79. The Price to Book ratio for the last quarter was 12.69, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for FAST in the course of the last twelve months was 33.76 with Quick ratio for the last quarter at 2.27.
FAST Stock Performance Analysis:
Fastenal Co. [FAST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.03. With this latest performance, FAST shares gained by 7.00% in over the last four-week period, additionally plugging by 33.36% over the last 6 months – not to mention a rise of 40.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FAST stock in for the last two-week period is set at 71.36, with the RSI for the last a single of trading hit 72.57, and the three-weeks RSI is set at 70.10 for Fastenal Co. [FAST]. The present Moving Average for the last 50 days of trading for this stock 68.36, while it was recorded at 73.86 for the last single week of trading, and 60.42 for the last 200 days.
Insight into Fastenal Co. Fundamentals:
Fastenal Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.27 and a Current Ratio set at 4.57.
FAST Stock EPS
With the latest financial reports released by the company, Fastenal Co. posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FAST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastenal Co. go to 6.33%.
Fastenal Co. [FAST] Institutonal Ownership Details
The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FAST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FAST stock with ownership which is approximately 5.8325%.
