Impact of Brokerage Rating on Fastenal Company(FAST)

Many Fastenal Company(FAST) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Jan 19, 2017 to Hold, Raises Price Target to $ 50 from a previous price target of $44 .Fastenal Company was Upgraded by Avondale to Mkt Outperform on Jan 12, 2017. Fastenal Company was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 5, 2017.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Reyne K Wisecup (Executive Vice President) sold 50,000 shares at 48.98 per share price.On Dec 1, 2016, Leland J Hein (Senior EVP) sold 2,000 shares at 47.40 per share price.On Oct 17, 2016, Michael J Ancius (director) purchased 700 shares at 38.82 per share price.

Fastenal Company Last issued its quarterly earnings results on Jan 18, 2017. The company reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.38. The company had revenue of $947.90 million for the quarter, compared to analysts expectations of $951.83 million. The companys revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Fastenal Company (NASDAQ:FAST) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.54 by 13 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Fastenal Company (NASDAQ:FAST) stock has received a short term price target of $ 48.88 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.42. The higher estimate of target price is $56 , while the lower price target estimate is $35

Fastenal Company (NASDAQ:FAST) rose 0.52% or 0.26 points on Tuesday and made its way into the gainers of the day. After trading began at $49.97 the stock was seen hitting $50.51 as a peak level and $49.86 as the lowest level. The stock ended up at $50.39. The daily volume was measured at 1,210,897 shares. The 52-week high of the share price is $51.56 and the 52-week low is $37.7. The company has a market cap of $14,575 million.

Fastenal Company sells industrial and construction supplies grouped into eleven product lines. The traditional Fastenal? product line consists of threaded fasteners and other miscellaneous supplies. The Company also sells, in its other ten product lines, tools, metal cutting tool blades and blade resharpening services, fluid transfer components and accessories for hydraulic and pneumatic power, material handling and storage products, janitorial and paper products, electrical supplies, welding supplies, safety supplies, and raw materials.

Fastenal

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