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.

Analyst Reviews to Watch: Fastenal Company (NASDAQ:FAST)

Fastenal Company (NASDAQ:FAST) fell -3.36% during previous trade. Argus issued rating on the stock of Fastenal Company (NASDAQ:FAST) in a research note issued to investors on Apr-18-17, the stock received “Upgrade” rating from Hold to Buy. Additionally Stifel issued their verdict on the stock of the company, on record date of Jan-19-17 the stock was “Reiterated” as Hold from $44 to $50 besides that on Jan-12-17 Fastenal Company (NASDAQ:FAST) was “Upgraded” by Avondale from Mkt Perform to Mkt Outperform. Furthermore on Jan-05-17 the stock was “Upgraded” by KeyBanc Capital Mkts from Sector Weight to Overweight.

Fastenal Company (NASDAQ:FAST) shares ended last trading session at the price of $44.26 whereas a number of traders indicating mean target price will hit $50.44 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 $40 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 $0.46 EPS for current quarter according to 14 analysts whereas the company reported $0.44 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.44 and high estimate of $0.47. For the current year Fastenal Company (NASDAQ:FAST) has set to release EPS of $1.85 as per the sentiments of 17 analysts, however according to 17 analysts, the company expected to release $2.04 EPS for next year.

Fastenal Company (NASDAQ:FAST)’s average revenue estimates for the current quarter are $1.04B according to 13 number of analysts. However its lowest revenue estimates are $1B and highest revenue estimates are $1.05B. A year ago the company’s sales were $986.68M. Its yearly sales growth estimates are 5.20%. For the next quarter the company has anticipated average revenues of $1.07B, according to the sentiments of 13 analysts. For the current year the company has fixed $4.2B revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $4.14B in contradiction of high revenue estimates of $4.36B. Whereas for the next year revenues are set at $4.52B by 16 analysts.

The stock exchanged hands 6.76M shares versus average trading capacity of 2.61M shares, while its shares’ total market worth is $12.88B along with 289.26M outstanding shares. Fastenal Company (NASDAQ:FAST) shares were trading -16.08% below from the 52-week high price mark of $52.74 and +19.07% 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 -12.39% below from its 50-day moving average of $50.47 and -2.33% away from the stock’s 200-day moving average which is $47.14. Fastenal Company (NASDAQ:FAST)’s price to sales ratio for trailing twelve month stands at 3.18, whereas its price to book ratio for most recent quarter sits at 6.46. However the company’s price to cash per share for most recent quarter stands at 95.33. Its price to free cash flow for trailing twelve months is 436.95.

Overbuying Stock on Analysts Radar: Fastenal Company (NASDAQ:FAST)

Fastenal Company (NASDAQ:FAST) share price plunged -0.08% or -0.04 points to reach at $49.13 during previous trading session. The stock’s price fluctuated within the range of $48.89 – $49.31 during previous trading session. A total of 2.79M shares exchanged hands, whereas the company’s average trading volume stands at 2.96M shares. Fastenal Company (NASDAQ:FAST) has a market capitalization of $14.20B and most recently 289.03M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Fastenal Company (NASDAQ:FAST) is at 82.53.

According to sentiments of 9 analysts the mean estimates of short term price target for the company’s stock is marked at $43.78. The most optimistic analyst sees the stock reaching $51.00 while the most conventional predicts the target price at $35.00.

The consensus mean EPS for the current quarter is at $0.38 derived from a total of 14 estimates. According to analysts minimum EPS for the current quarter is expected at $0.36 and can go high up to $0.39. However a year ago during same quarter Fastenal Company (NASDAQ:FAST) reported $0.39 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.45 per share according to consensus of 10 analysts.

According to sentiments of 13 analysts the company is expected to report revenues of $952.28M for the current quarter. Bearish revenue estimates established at $942.2M while the bullish revenue forecast has been figured out at $970.99M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.94 on the shares of Fastenal Company (NASDAQ:FAST). Out of rating recommendations 1 have given the stock a Buy while 0 recommend the stock as Outperform. 15 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Fastenal Company (NASDAQ:FAST)’s distance from 20 day simple moving average is 6.37% whereas its distance from 50 day simple moving average is 16.34% along with 12.62% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Fastenal Company (NASDAQ:FAST) shares were trading -0.21% below from the 52-week high mark of $49.24 and +44.16% above from the 52-week bottom of $34.08. The stock hit its 52-week high price on 03/21/16, and 52-week low price on 01/15/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 3.45% in the past one week and soared 20.95% during previous one month drive, the stock went up 22.04% during past quarter. In the last six months the stock’s performance soared 11.89% while yearly performance of the company advanced 25.81%. The company’s year to date (YTD) performance is at 23.96%.

While taking a glance at financials, we can look at a number of key indicators. Fastenal Company (NASDAQ:FAST) has a Return on Assets (ROA) of 18.70%. The company currently has a Return on Equity (ROE) of 26.80% and a Return on Investment (ROI) of 24.00%. Average true range (ATR-14) of the company sets at 0.98, along with its weekly and monthly volatility of 2.06%, 2.27% respectively. Beta value of the stock stands at 1.03.

The company’s quick ratio for most recent quarter is 2.40 along with current ratio for most recent quarter of 5.40. Total debt to equity ratio of the company for most recent quarter is 0.23 whereas long term debt to equity ratio for most recent quarter is 0.23.

Overbuying Stock Buzz: Fastenal Company (NASDAQ:FAST)

Fastenal Company (NASDAQ:FAST) share price soared 1.57% or 0.75 points to reach at $48.58 during previous trading session. The stock’s price fluctuated within the range of $48.18 – $49.21 during previous trading session. A total of 6.24M shares exchanged hands, whereas the company’s average trading volume stands at 2.67M shares. Fastenal Company (NASDAQ:FAST) has a market capitalization of $14.14B and most recently 289.03M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Fastenal Company (NASDAQ:FAST) is at 80.56.

According to sentiments of 9 analysts the mean estimates of short term price target for the company’s stock is marked at $41.89. The most optimistic analyst sees the stock reaching $50 while the most conventional predicts the target price at $35.

The consensus mean EPS for the current quarter is at $0.38 derived from a total of 14 estimates. According to analysts minimum EPS for the current quarter is expected at $0.36 and can go high up to $0.39. However a year ago during same quarter Fastenal Company (NASDAQ:FAST) reported $0.39 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.45 per share according to consensus of 10 analysts.

According to sentiments of 13 analysts the company is expected to report revenues of $954.66M for the current quarter. Bearish revenue estimates established at $942.2M while the bullish revenue forecast has been figured out at $970.99M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 3.06 on the shares of Fastenal Company (NASDAQ:FAST). Out of rating recommendations 0 have given the stock a Buy while 0 recommend the stock as Outperform. 16 have given the stock a Hold rating,1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Fastenal Company (NASDAQ:FAST)’s distance from 20 day simple moving average is 8.15% whereas its distance from 50 day simple moving average is 16.47% along with 11.54% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Fastenal Company (NASDAQ:FAST) shares were trading -0.70% below from the 52-week high mark of $48.92 and +42.55% above from the 52-week bottom of $34.08. The stock hit its 52-week high price on 03/21/16 and 52-week low price on 01/15/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 4.79% in the past one week and soared 25.85% during previous one month drive, the stock went up 14.10% during past quarter. In the last six months the stock’s performance soared 7.81% while yearly performance of the company advanced 24.65%.The company’s year to date (YTD) performance is at 22.57%.

While taking a glance at financials, we can look at a number of key indicators. Fastenal Company (NASDAQ:FAST) has a Return on Assets (ROA) of 18.70%. The company currently has a Return on Equity (ROE) of 26.80% and a Return on Investment (ROI) of 24%. Average true range (ATR-14) of the company sets at 0.93, along with its weekly and monthly volatility of 2.10%, 2.29% respectively. Beta value of the stock stands at 1.03.

The company’s quick ratio for most recent quarter is 2.40 along with current ratio for most recent quarter of 5.40. Total debt to equity ratio of the company for most recent quarter is 0.23 whereas long term debt to equity ratio for most recent quarter is 0.23.

Analyst’s Review on Earnings: Fastenal Company (NASDAQ:FAST)

Fastenal Company (NASDAQ:FAST) on July, 13, 2016 reported the results of the quarter ended June 30, 2016.

BUSINESS UPDATE

Fastenal is a growth focused organization and they constantly strive to make investments into the growth drivers of their business. These investments typically center on people. By adding more people they add to their ability to interact with and to serve their customers from their local store and to back them up in some type of support role. In recent years this investment has also centered on more industrial vending devices to serve their customers’ needs on a 24 hours a day, 7 days a week basis.

In February 2016, Fastenal Company signed an agreement to lease a significant number of industrial vending lockers to one of their customers. As of June 30, 2016, Fastenal Company has deployed approximately 3,000 devices under this agreement. These devices are excluded from the count noted above.

Several items worth noting with respect to the company results:

During the last twelve months, they have added 296 people into their stores and 797 people in total. The headcount additions outside of stores related to additions in vending support, the information technology development center, and distribution. The company’s store headcount increased in the last half of 2015 and then contracted in the first half of 2016 as they managed their store headcount levels.

They opened 27 and 8 stores in the first six months of 2016 and 2015, respectively, and currently expect to open 30 to 45 stores in total in 2016, which is an annual rate of approximately 1% to 2%. They closed or consolidated 34 and 26 stores in the first six months of 2016 and 2015, respectively. Most of these closed or consolidated locations were in multiple store markets with expiring leases and the impact to sales was not considered meaningful. They intend to continue evaluating markets for openings and for closures and consolidations in the latter half of 2016 and into 2017.

They are seeing a very strong pace of national account signings (defined as new customer accounts with a multi-site contract). In the first half of 2016 and 2015, they signed 100 and 87 new contracts, respectively. Beyond signings (or growth activities), they look at the health of their large customer market, and by extension their market place, by watching the trends of their top 100 customers. In the recent past (2011 to 2014), the typical ratio of growth versus contraction in the sales to their top 100 customers was 3:1 (75 grew and 25 contracted). By the fourth quarter of 2015 the ratio was approximately 1:1; 49 grew (32 with growth of 10% or more) and 51 contracted (37 with contraction of 10% or more). In the first quarter of 2016 this ratio improved slightly; 53 grew (38 with growth of 10% or more) and 47 contracted (31 with contraction of 10% or more). In the second quarter of 2016 this ratio weakened; 47 grew (31 with growth of 10% or more) and 53 contracted (34 with contraction of 10% or more).

Fastenal Company continued to expand their Onsite business. Their goal is to sign 200 Onsite customer locations in 2016, and they signed 48 and 44 in the first and second quarters of 2016, respectively. Of the 92 signed in the first half of 2016, 55 are operational as of June 30, 2016. All of the 80 new Onsite customer locations they signed in 2015 are operational.

Fastenal Company has converted approximately 1,900 stores to the CSP 16 (Customer Service Project 2016) format as of June 30, 2016. This merchandising footprint, disclosed at their November 2015 Investor Day, involves expanded inventory placement at their store locations to enhance same-day capabilities.

The net sales of their Canadian business, which grew about 4% in ‘local currency’ based on local business days during the fourth quarter of 2015, improved to about 7% growth in the first quarter of 2016. In the second quarter of 2016, this growth slid back to about 4%. However, the locations affected by the fires in Western Canada in May reduced their sales by approximately $1.1 million (approximately $850 thousand U.S. Dollars), which lowered the growth of their Canadian business by approximately one to two percentage points.

Shares of Fastenal Company (NASDAQ:FAST) fell -1.12% to reach at $43.30 during the course of session. The company has experienced volume of 4.24M shares while on average the company has a capacity of trading 2.70M share. The stock holds the market capitalization of $12.06B along with 288.95M outstanding shares. The stock traded in the price range of $43.08 – $43.89 for the last trading session. For the stock price target value has been calculated at $43.13 based on calls of 8 experts. Stock’s minimum price target estimates has been figured out at $36.00 while the maximum price target forecast is established at $47.00.

Fastenal Company (NASDAQ:FAST) as of current trade, has shown weekly downbeat performance of -2.35%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 8.40%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 7.63%. Shares of Fastenal Company (NASDAQ:FAST) currently have an ABR of 3.13, derived from a total of 16 opinions. The company’s price sits -4.23% below from its 50-day moving average of $44.87 and 2.06% above from the stock’s 200-day moving average of $44.51. The company has Relative Strength Index (RSI 14) of 41.38 along with Average True Range (ATR 14) of 0.97. Its weekly and monthly volatility is 1.89%, 1.86% respectively. The company’s beta value is at 0.87.

Fastenal Company (NASDAQ:FAST)’s price to sales ratio for trailing twelve months is 3.20 and price to book ratio for most recent quarter is 6.86, whereas free cash flow for trailing twelve months is 221.33. Its quick ratio for most recent quarter is 2.00 along with current ratio for most recent quarter of 4.40. Total debt to equity ratio of the company for most recent quarter is 0.20 whereas long term debt to equity ratio for most recent quarter is 0.20. The company has a Return on Assets of 20.30%. The company currently has a Return on Equity of 28.70% and Return on Investment of 24.00%.