# Fastenal Company  Share Price Target ‘$68.81’, now 5.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-share-price-target-68.81-now-5.3-upside-potential/4121162101
- Published: 2024-06-25T14:43:37+01:00
- Author: Charlotte Edwards

**Fastenal Company** with ticker code (FAST) now have 8 analysts in total covering
the stock. The consensus rating is pointing to ‘hold’. The target price High/Low
ranges between $85.00 and $61.00 suggesting an average analyst share price target
price of $68.81. (at the time of writing). Given that the stocks previous close 
was at $65.34 this would imply there is now a potential upside of 5.3%. The 50 day
moving average now sits at $66.38 while the 200 day moving average is $65.18. The
total market capitalization for the company now stands at 37.24B. The current share
price for the company is: $65.04 USD

 The potential market cap would be $39,216,072,534 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 32.2, revenue per share of $12.92
and a 20.93% 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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