In the last three months, 4 analysts have published ratings on Fastenal (NASDAQ:FAST), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $85.25, a high estimate of $88.00, and a low estimate of $82.00. Observing a 7.57% increase, the current average has risen from the previous average price target of $79.25.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Fastenal among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Butler | Stifel | Lowers | Hold | $82.00 | $86.00 |
| Brian Butler | Stifel | Maintains | Hold | $86.00 | $86.00 |
| Stephen Volkmann | Jefferies | Raises | Hold | $85.00 | $74.00 |
| Amit Mehrotra | UBS | Raises | Neutral | $88.00 | $71.00 |
Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Fastenal. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Fastenal compared to the broader market. Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Fastenal's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Fastenal analyst ratings.
Unveiling the Story Behind Fastenal
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
Fastenal: Delving into Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Fastenal's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.48% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.61%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Fastenal's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 8.41%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Fastenal's ROA excels beyond industry benchmarks, reaching 6.38%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.15, Fastenal adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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Latest Ratings for FAST
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Wells Fargo | Upgrades | Underweight | Equal-Weight |
| Jan 2022 | Morgan Stanley | Maintains | Underweight | |
| Jan 2022 | Morgan Stanley | Maintains | Underweight |
View More Analyst Ratings for FAST
View the Latest Analyst Ratings
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