Fastenal Company (NASDAQ:FAST) Analyst Rating Consensus

Fastenal Company (NASDAQ:FAST) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 15 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 11 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Fastenal Company (NASDAQ:FAST). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Credit Suisse raises the price target from $37 per share to $44 per share. The rating by the firm was issued on April 14, 2016.

Fastenal Company (NASDAQ:FAST): The stock price is expected to reach $ 45.83 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $51 while the lower estimate is at $38. The standard deviation of the price stands at $5.6.

Fastenal Company (NASDAQ:FAST) witnessed a decline in the market cap on Tuesday as its shares dropped 0.18% or 0.08 points. After the session commenced at $45.04, the stock reached the higher end at $45.36 while it hit a low of $44.67. With the volume soaring to 1,820,680 shares, the last trade was called at $44.96. The company has a 52-week high of $49.99. The company has a market cap of $12,988 million and there are 288,883,250 shares in outstanding. The 52-week low of the share price is $34.45.

Shares of Fastenal Company rose by 1.63% in the last five trading days and 0.22% for the last 4 weeks. Fastenal Company has dropped 7.5% during the last 3-month period . Year-to-Date the stock performance stands at 11.75%.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business), and also has some walk-in retail business. The Companys product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Companys product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. The Companys product line includes fasteners, cutting tools, tools, hydraulics and pneumatics, material handling, janitorial supplies, electrical supplies, welding supplies, safety supplies, metals, direct ship and office supplies. It operates approximately 14 distribution centers in North America.

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