Stephens set a $54.00 price objective on Fastenal and gave the company a "buy" rating in a report on Wednesday. On Tuesday, June 6 the stock rating was maintained by BMO Capital Markets with "Hold". The Illinois-based Anchor Bolt Capital Lp has invested 2.11% in the stock. Robert W. Baird downgraded the shares of FAST in report on Monday, August 24 to "Neutral" rating. Its up 9.24% from 25.52M shares, reported previously. The rating was maintained by Cowen & Co on Tuesday, September 5 with "Buy". The mean target price as estimated by the analysts for the company has been recorded at $49.64.
Ratings analysis reveals 53% of Fastenal's analysts are positive. There are brokerage firms with lower targets than the average, including one setting a price target of $40. $48.21's average target is 8.48% above currents $44.44 stock price. Fastenal had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets with "Market Perform" on Tuesday, April 5. The firm earned "Buy" rating on Thursday, February 25 by Citigroup. The firm has "Hold" rating given on Wednesday, September 7 by Deutsche Bank. The firm earned "Neutral" rating on Thursday, November 10 by Goldman Sachs. Stifel Nicolaus maintained the stock with "Hold" rating in Thursday, July 13 report. Nomura maintained the stock with "Neutral" rating in Tuesday, October 10 report. More interesting news about Fastenal Company (NASDAQ:FAST) were released by: Nasdaq.com and their article: "Fastenal's (FAST) Q3 Earnings in Line, Gross Margin Down" published on October 11, 2017 as well as Seekingalpha.com's news article titled: "Fastenal falls, drags down peers as Q3 margin disappoints" with publication date: October 11, 2017. The firm earned "Hold" rating on Friday, January 27 by Stifel Nicolaus.
The stock of Fastenal Company (NASDAQ:FAST) has "Outperform" rating given on Monday, December 5 by William Blair. The company has a market cap of $12.95B. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 24.28 P/E ratio. Rech And Management has invested 0.06% in Fastenal Company (NASDAQ:FAST). It has underperformed by 18.79% the S&P500.
Since January 1, 0001, it had 1 insider buy, and 0 sales for $43,760 activity. The expected FAST's profit could reach $143.95 million giving the stock 22.56 P/E in the case that $0.50 earnings per share is reported.
Investors sentiment increased to 1.29 in Q2 2017. Its up 0.25, from 1.04 in 2017Q1.
Mcdonald Capital Investors Inc Ca holds 8.28% of its portfolio in Fastenal Company for 2.18 million shares. Sold All: 56 Reduced: 168 Increased: 218 New Position: 70. 231.14 million shares or 0.61% more from 229.74 million shares in 2017Q1 were reported. The Massachusetts-based Fayerweather Charles has invested 0.28% in Fastenal Company (NASDAQ:FAST). In the most recent quarter, institutional ownership increased by a net of 649475 shares, or 0.27%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for FAST overall.329 holders increased their positions, 282 decreased their positions, and 95 holders held their positions. Moreover, Castleark Limited Company has 0.05% invested in Fastenal Company (NASDAQ:FAST). Whitnell holds 0.14% or 7,200 shares. 62,678 are owned by Airain Limited.
Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Cipher Cap Ltd Partnership reported 32,203 shares. Whalerock Point Prns Ltd Liability Corporation holds 0.07% or 4,613 shares in its portfolio. The stock of Fastenal Company (NASDAQ:FAST) earned "Strong Buy" rating by Raymond James on Thursday, July 13. Tru Department Mb Retail Bank N A owns 3,320 shares for 0.02% of their portfolio. State Street Corp invested in 0.05% or 11.85 million shares. Grandeur Peak Advisors has invested 1.38% of its portfolio in Fastenal Company (NASDAQ:FAST). City Holding has invested 0% in Fastenal Company (NASDAQ:FAST). Schwab Charles Investment Mngmt Inc owns 1.42 million shares. Xylem Inc (NYSE:XYL) has risen 20.76% since October 11, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.
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