# Fastenal Company – Consensus ‘hold’ rating and 4.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-consensus-hold-rating-and-4.2-upside-potential/4121127843
- Published: 2023-09-20T15:42:29+01:00
- Author: Charlotte Edwards

**Fastenal Company** which can be found using ticker (FAST) now have 9 analysts 
in total covering the stock. The consensus rating is pointing to ‘hold’. The target
price High/Low ranges between 61 and 50 suggesting an average Analsyt target price
of $57.22. Given that the stocks previous close was at $54.91 this is indicating
there is a potential upside of 4.2%. It’s also worth noting that there is a 50 day
moving average of $56.98 and the 200 day moving average is $53.71. The company has
a market cap of 31.31B. The stock price for the company is currently is currently
54.8 USD

 The potential market cap would be $32,626,183,128 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 27.96, revenue per share of 12.67
and a 20.45% 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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