Fastenal Company which can be found using ticker (FAST) have now 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘hold’. The range between the high target price and low target price is between $66.00 and $56.00 and has a mean target at $59.56. Given that the stocks previous close was at $61.98 this would imply there is a potential downside of -3.9%. It’s also worth noting that there is a 50 day moving average of $61.56 and the 200 day moving average is $57.24. The total market capitalization for the company now stands at 35.71B. The stock price for the company is currently $62.47 USD
The potential market cap would be $34,313,642,962 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 31.55, revenue per share of $12.75 and a 20.43% return on assets.
Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing (OEM), where its products are consumed in the final products of its customers, and manufacturing, repair, and operations (MRO), where its products are consumed to support the facilities and ongoing operations of its customers. The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
