# Fastenal Company – Consensus ‘hold’ rating and -2.4% Downside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-consensus-hold-rating-and-2.4-downside-potential/4121135154
- Published: 2023-12-05T13:57:38+00:00
- Author: Charlotte Edwards

**Fastenal Company** which can be found using ticker (FAST) have now 9 market analysts
covering the stock. The analyst consensus now points to a rating of ‘hold’. The 
target price High/Low ranges between $66.00 and $56.00 and has a mean target at 
$59.33. Given that the stocks previous close was at $60.82 this would indicate that
there is a downside of -2.4%. It’s also worth noting that there is a 50 day moving
average of $58.39 and the 200 moving average now moves to $55.92. The market capitalization
for the company is 34.85B. The stock price is currently at: $60.97 USD

 The potential market cap would be $33,996,666,966 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 30.79, revenue per share of $12.75
and a 20.43% return on assets.

Fastenal Company is engaged in the wholesale distribution of industrial and construction
supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws,
studs, and related washers, as well as miscellaneous supplies and hardware. Its 
customers are in the manufacturing and non-residential construction markets. The
manufacturing market includes sales of products for both original equipment manufacturing(
OEM), where its products are consumed in the final products of its customers, and
manufacturing, repair, and operations (MRO), where its products are consumed to 
support the facilities and ongoing operations of its customers. The non-residential
construction market includes general, electrical, plumbing, sheet metal and road
contractors. Other users of its products include farmers, truckers, railroads, oil
exploration companies, oil production and refinement companies, mining companies,
federal, state, and local governmental entities, schools, and certain retail trades.

Share on: