# Fastenal Company  Share Price Target ‘$69.21’, now 1.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/fastenal-company-share-price-target-69.21-now-1.1-upside-potential/4121154254
- Published: 2024-05-01T13:25:45+01:00
- Author: Charlotte Edwards

**Fastenal Company** which can be found using ticker (FAST) have now 8 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 $85.00 and $
62.00 suggesting an average analyst share price target price of $69.21. (at the 
time of writing). Given that the stocks previous close was at $68.48 this is indicating
there is a potential upside of 1.1%. There is a 50 day moving average of $73.19 
while the 200 day moving average is $63.64. The company has a market cap of 38.90B.
The current share price for the company is: $67.94 USD

 The potential market cap would be $39,313,507,139 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 33.63, 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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