# Fastenal Company – Consensus ‘hold’ rating and -2.7% Downside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-consensus-hold-rating-and-2.7-downside-potential/4121132949
- Published: 2023-11-16T14:19:31+00:00
- Author: Charlotte Edwards

**Fastenal Company** with ticker code (FAST) now have 9 market analysts covering
the stock. The analyst consensus now points to a rating of ‘hold’. The range between
the high target price and low target price is between $66.00 and $56.00 with the
average target price sitting at $59.33. Now with the previous closing price of $
61.00 this indicates there is a potential downside of -2.7%. The day 50 moving average
is $56.96 while the 200 day moving average is $55.47. The market capitalization 
for the company is 34.35B. The stock price for the company is currently $60.11 USD

 The potential market cap would be $33,407,297,804 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 30.36, 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.

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