Fastenal Company which can be found using ticker (FAST) have now 9 confirmed analysts covering the stock with the consensus suggesting 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 $64.16 this is indicating there is a potential downside of -7.2%. Also worth taking note is the 50 day moving average now sits at $60.03 while the 200 day moving average is $56.48. The market capitalization for the company is 36.94B. The stock price for the company is currently $64.63 USD
The potential market cap would be $34,293,886,820 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 32.64, 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.
