Analyst Research

Share Rating and Recommendations Recap: Fastenal Company (NASDAQ:FAST)

Fastenal Company (NASDAQ:FAST) rose 2.69% during previous trade. Credit Suisse issued rating on the stock of Fastenal Company (NASDAQ:FAST) in a research note issued to investors on Apr-19-17, the stock received “Upgrade” rating from Neutral to Outperform. Additionally Argus issued their verdict on the stock of the company, on record date of Apr-18-17 the stock was “Upgrade” from Hold to Buy besides that on Jan-19-17 Fastenal Company (NASDAQ:FAST) was “Reiterated” by Stifel as Hold from $44 to $50. Furthermore on Jan-12-17 the stock was “Upgraded” by Avondale from Mkt Perform to Mkt Outperform.

Fastenal Company (NASDAQ:FAST) shares ended last trading session at the price of $45.45 whereas a number of traders indicating mean target price will hit $49.22 over the next twelve months, mean value of price target most recently revised on 04/13/17. Fastenal Company (NASDAQ:FAST)’s highest estimates of price target are $56 and low forecast is $42 based on the opinion of 9 analysts. The price target estimates represents a standard deviation of 7.68. However brokerage recommendations suggests an ABR of 2.40 based on calls of 10 experts, where 3 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 7 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

Fastenal Company (NASDAQ:FAST) is expected to release the earnings of its current quarter on 7/11/17. The company is expected to release $0.49 EPS for current quarter according to 14 analysts whereas the company reported $0.45 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.47 and high estimate of $0.5. For the current year Fastenal Company (NASDAQ:FAST) has set to release EPS of $1.86 as per the sentiments of 17 analysts, however according to 17 analysts, the company expected to release $2.03 EPS for next year.

Fastenal Company (NASDAQ:FAST)’s average revenue estimates for the current quarter are $1.09B according to 13 number of analysts. However its lowest revenue estimates are $1.06B and highest revenue estimates are $1.11B. A year ago the company’s sales were $1.01B. Its yearly sales growth estimates are 7.70%. For the next quarter the company has anticipated average revenues of $1.09B, according to the sentiments of 13 analysts. For the current year the company has fixed $4.27B revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $4.16B in contradiction of high revenue estimates of $4.36B. Whereas for the next year revenues are set at $4.61B by 16 analysts.

The stock exchanged hands 6.43M shares versus average trading capacity of 2.71M shares, while its shares’ total market worth is $12.70B along with 289.26M outstanding shares. Fastenal Company (NASDAQ:FAST) shares were trading -13.82% below from the 52-week high price mark of $52.74 and +22.28% above from the 52-week price bottom of $37.17. However the company observed 52 week high price on 04/05/17 and witnessed 52 week low price on 10/14/16. The company’s price sits -9.86% below from its 50-day moving average of $50.34 and 0.28% far from the stock’s 200-day moving average which is $47.13. Fastenal Company (NASDAQ:FAST)’s price to sales ratio for trailing twelve month stands at 3.27, whereas its price to book ratio for most recent quarter sits at 6.64. However the company’s price to cash per share for most recent quarter stands at 97.89. Its price to free cash flow for trailing twelve months is 448.70.

Previous ArticleNext Article