# Fastenal Company  Share Price Target ‘$65.07’, now -7.9% Downside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-share-price-target-65.07-now-7.9-downside-potential/4121141209
- Published: 2024-02-06T13:55:48+00:00
- Author: Charlotte Edwards

**Fastenal Company** which can be found using ticker (FAST) now have 9 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘hold’. The
target price High/Low ranges between $75.00 and $58.00 calculating the average target
share price we see $65.07. (at the time of writing). Given that the stocks previous
close was at $70.65 this would indicate that there is a downside of -7.9%. The 50
day MA is $64.54 and the 200 moving average now moves to $58.61. The company has
a market cap of 39.73B. The stock price for the company is currently $69.46 USD

 The potential market cap would be $36,591,968,334 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 34.39, revenue per share of $12.86
and a 21.21% 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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