# Fastenal Company – Consensus ‘hold’ rating and .6% Upside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-consensus-hold-rating-and.6-upside-potential/4121126262
- Published: 2023-08-30T12:02:41+01:00
- Author: Charlotte Edwards

**Fastenal Company** with ticker code (FAST) have now 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 61.3 and 50 with the average
target price sitting at $57.70. Given that the stocks previous close was at $57.33
this now indicates there is a potential upside of .6%. It’s also worth noting that
there is a 50 day moving average of $57.64 and the 200 day moving average is $53.44.
The total market capitalization for the company now stands at 32.87B. The stock 
price for the company is currently is currently 57.54 USD

 The potential market cap would be $33,086,667,635 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 29.36, 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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