Fastenal Company (FAST) Receives ‘Analyst’ Rating

Fastenal Company (FAST) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Fastenal Company (FAST) : Average target price received by Fastenal Company (FAST) is $44.29 with an expected standard deviation of $5.28. The most aggressive target on the stock is $51, whereas the most downbeat target is $36. 7 financial analysts are currently covering the stock.


Also, Macquarie initiates coverage on Fastenal Company (NASDAQ:FAST). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Fastenal Company (NASDAQ:FAST): After opening at $40.24, the stock dipped to an intraday low of $40.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.84 and the buying power remained strong till the end. The stock closed at $40.81 for the day, a gain of 1.32% for the day session. The total traded volume was 3,436,458. The stocks close on the previous trading day was $40.28.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business), and also has some walk-in retail business. The Companys product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Companys product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. The Companys product line includes fasteners, cutting tools, tools, hydraulics and pneumatics, material handling, janitorial supplies, electrical supplies, welding supplies, safety supplies, metals, direct ship and office supplies. It operates approximately 14 distribution centers in North America.

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