Fastenal (FAST) Stock Forecast & Price Target

$81.82 +0.23 (+0.28%)

(As of 11/20/2024 ET)

Fastenal - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
8

Buy
2

Based on 10 Wall Street analysts who have issued ratings for Fastenal in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for FAST.

Consensus Price Target

$74.80
-8.58% Downside

According to the 10 analysts' twelve-month price targets for Fastenal, the average price target is $74.80. The highest price target for FAST is $88.00, while the lowest price target for FAST is $63.00. The average price target represents a forecasted downside of -8.58% from the current price of $81.82.

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FAST Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$74.80	$73.33	$66.67	$57.71
Forecasted Upside	-8.58% Downside	-4.19% Downside	-2.10% Downside	-5.18% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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FAST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FAST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Fastenal Stock vs. The Competition

Type	Fastenal	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.20	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-8.58% Downside	30.48% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent FAST News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	UBS Group 4 of 5 stars	A. Mehrotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral ➝ Neutral	$71.00 ➝ $88.00	+4.77%
10/14/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $76.00	-1.16%
10/14/2024	Stifel Nicolaus 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$80.00 ➝ $86.00	+11.95%
10/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$67.00 ➝ $80.00	+4.14%
10/14/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$56.00 ➝ $75.00	-2.37%
10/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$57.00 ➝ $63.00	-10.32%
Get the Latest News and Ratings for FAST and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fastenal and its competitors with MarketBeat's FREE daily newsletter.
10/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$85.00	+21.12%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$74.00 ➝ $65.00	+0.95%
4/15/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$71.00 ➝ $66.00	-5.46%
4/15/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$59.00 ➝ $64.00	-9.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:16 AM ET.

Should I Buy Fastenal Stock? FAST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Fastenal pros and cons to contact@marketbeat.com.

Fastenal
Bull Case

Here are some ways that investors could benefit from investing in Fastenal:

Fastenal's stock price has been relatively stable, providing a consistent investment option for those seeking steady growth.
Recent insider transactions, such as the CEO selling shares, can sometimes indicate confidence in the company's future performance.
Institutional investors have been increasing their positions in Fastenal, which could signal positive sentiment and potential growth prospects.
Fastenal's quarterly earnings results have met or exceeded analyst estimates, showcasing the company's ability to deliver consistent financial performance.
Fastenal's dividend yield of 2.22% provides investors with a steady income stream, making it an attractive option for income-oriented investors.

Fastenal
Bear Case

Investors should be bearish about investing in Fastenal for these reasons:

Fastenal's stock has a relatively high price-to-earnings ratio of 34.92, which may indicate that the stock is currently overvalued compared to its earnings potential.
While insider transactions can sometimes be positive, the recent sale of shares by the CEO could also raise concerns about potential future performance or market conditions.
Analysts have set price targets below the current stock price, suggesting that there may be limited upside potential in the near term.
Fastenal's revenue growth has been modest, which could indicate challenges in expanding the business or capturing new market opportunities.
The company's debt-to-equity ratio of 0.04 may raise concerns about its financial leverage and ability to manage debt obligations effectively.

FAST Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Fastenal is $74.80, with a high forecast of $88.00 and a low forecast of $63.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FAST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FAST, but not buy additional shares or sell existing shares.
: According to analysts, Fastenal's stock has a predicted downside of -8.58% based on their 12-month stock forecasts.
: Fastenal has been rated by research analysts at Bank of America, JPMorgan Chase & Co., Morgan Stanley, Robert W. Baird, Stephens, Stifel Nicolaus, and UBS Group in the past 90 days.
: Analysts like Fastenal less than other "retail/wholesale" companies. The consensus rating for Fastenal is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how FAST compares to other companies.

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This page (NASDAQ:FAST) was last updated on 11/21/2024 by MarketBeat.com Staff

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Fastenal (FAST) Stock Forecast & Price Target