Fastenal Co. [NASDAQ: FAST] loss -0.17% on the last trading session, reaching $76.69 price per share at the time.
If compared to the average trading volume of 2.67M shares, FAST reached a trading volume of 4998453 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $75.10 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 3.06. 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.
BofA Securities have made an estimate for Fastenal Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 07, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on September 06, 2024, representing the official price target for Fastenal Co. stock. Previously, the target price had yet another raise to $59, while HSBC Securities analysts kept a Hold rating on FAST stock.
The Average True Range (ATR) for Fastenal Co. is set at 1.67, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 5.87. The Price to Book ratio for the last quarter was 12.21, with the Price to Cash per share for the same quarter was set at 0.51. Price to Free Cash Flow for FAST in the course of the last twelve months was 42.15 with Quick ratio for the last quarter at 2.29.
Trading performance analysis for FAST stock
Fastenal Co. [FAST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.56. With this latest performance, FAST shares gained by 9.84% in over the last four-week period, additionally plugging by 10.52% over the last 6 months – not to mention a rise of 28.15% 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 74.50, with the RSI for the last a single of trading hit 79.28, and the three-weeks RSI is set at 70.53 for Fastenal Co. [FAST]. The present Moving Average for the last 50 days of trading for this stock 68.94, while it was recorded at 72.86 for the last single week of trading, and 68.72 for the last 200 days.
Fastenal Co. [FAST]: A deeper dive into fundamental analysis
Fastenal Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.29 and a Current Ratio set at 4.40.
Fastenal Co. [FAST]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Fastenal Co. posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 7.79%.
An analysis of Institutional ownership at Fastenal Co. [FAST]
There are presently around $84.88%, or 85.03%% of FAST stock, in the hands of institutional investors. The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 71.29 million shares, which is approximately 12.4551%. BLACKROCK INC., holding 46.44 million shares of the stock with an approximate value of $$2.92 billion in FAST stocks shares; and BLACKROCK INC., currently with $$1.67 billion in FAST stock with ownership which is approximately 4.655%.
