Fastenal Co. (FAST) Stock Forecast & Predictions

Fastenal Co. FAST: $53.935

2001 Theurer Blvd, Winona, Minnesota, US. | Sector: Wholesale Trade | Exchange: NASDAQ | Web: www.fastenal.com

  • Market Cap$31.09B
  • Change (52 Weeks)24.25%
  • Low (52 Weeks)$41.53
  • Fastenal Co. (FAST) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Fastenal Co. (FAST) stock price is $53.935 and the 52 weeks low is $41.53, which means the Fastenal Co. stock price is up 24.25% in the last 12 months.

    Fastenal Co. (FAST) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that FAST Stock price might rise further, 31.25% indicating that FAST Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall FAST stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Fastenal Co. (FAST) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Fastenal Co. (FAST) is based on 22 Institutional Analyst Ratings where 0.00% are on Strong Buy, 13.64% on Moderate Buy, 59.09% remains on Hold, 13.64% are on Moderate Sell and 13.64% are on Strong Sell.

    Out of 22 Institutional Analysts, majority recommended FAST stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Fastenal Co..

    Fastenal Co. (FAST) Stock Price Prediction By Analysts


    HighLowAverage
    $68.25$48.48$54.40
    $54.400.86% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for FAST set by the institutional analysts is $54.40 where High Estimate is $68.25, Median $53.04 and Low $48.48.

    The average price target for FAST by Institutional Analysts is $54.40, which is 0.86% Upside from the current price. So according to the Institutional Analysts, FAST Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Fastenal Co. (FAST) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with FAST stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about FAST and holding their positions hoping for a further rise in the stock price and more profit.

    Fastenal Co. (FAST) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Loop CapitalHoldInitiated
    Morgan StanleyUnderweightDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSNeutralInitiated
    Raymond JamesUnderperformDowngraded
    Wells FargoEqual-WeightDowngraded
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyInitiated
    JP MorganNeutralUpgraded
    Morgan StanleyEqual-WeightMaintained
    BairdOutperformMaintained
    Stephens & Co.Equal-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    BairdOutperformMaintained
    Stephens & Co.Equal-WeightReiterated
    JP MorganUnderweightDowngraded
    Wells FargoOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    BairdOutperformUpgraded
    BuckinghamNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    BuckinghamNeutralMaintained
    Raymond JamesMarket PerformDowngraded
    Morgan StanleyEqual-WeightMaintained
    BairdNeutralMaintained
    BuckinghamNeutralMaintained
    Wells FargoMarket PerformMaintained
    Raymond JamesStrong BuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Buckingham ResearchNeutralMaintained
    Buckingham ResearchNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesStrong BuyMaintained
    BuckinghamNeutralMaintained
    BuckinghamNeutralMaintained
    KeyBancSector WeightDowngraded
    Longbow ResearchNeutralDowngraded
    BuckinghamNeutralInitiated
    Wells FargoMarket PerformMaintained
    Stifel NicolausHoldMaintained
    Wells FargoMarket PerformMaintained
    BairdNeutralDowngraded
    Stifel NicolausHoldMaintained
    Goldman SachsSellInitiated
    Morgan StanleyEqual-WeightMaintained
    Northcoast ResearchBuyInitiated
    Raymond JamesStrong BuyUpgraded
    BairdOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    Longbow ResearchBuyUpgraded
    JP MorganNeutralInitiated
    Credit SuisseOutperformUpgraded
    ArgusBuyUpgraded
    Avondale PartnersMarket OutperformUpgraded
    KeyBancOverweightUpgraded
    William BlairOutperformUpgraded
    MacquarieNeutralInitiated
    Morgan StanleyEqual-WeightInitiated
    Credit SuisseNeutralMaintained
    BarclaysUnderweightMaintained
    Avondale PartnersMarket PerformMaintained
    BMO CapitalMarket PerformInitiated
    Stifel NicolausHoldDowngraded
    Sterne Agee CRTNeutralInitiated
    Avondale PartnersMarket PerformMaintained
    Stifel NicolausBuyMaintained
    ArgusBuyInitiated
    BarclaysUnderweightMaintained
    Avondale PartnersMarket PerformInitiated
    Stifel NicolausBuyMaintained
    Credit SuisseNeutralMaintained
    BarclaysUnderweightMaintained
    SusquehannaNeutralMaintained
    BairdNeutralDowngraded
    KeyBancSector WeightInitiated
    SusquehannaNeutralMaintained
    Stifel NicolausBuyMaintained
    BarclaysUnderweightMaintained
    Northcoast ResearchNeutralDowngraded
    Cleveland ResearchNeutralDowngraded
    BarclaysUnderweightMaintained
    Raymond JamesMarket PerformDowngraded
    Stifel NicolausBuyMaintained
    BarclaysUnderweightMaintained
    Stifel NicolausBuyInitiated
    SusquehannaNeutralDowngraded
    Credit SuisseNeutralMaintained
    Edward JonesBuyUpgraded
    SusquehannaPositiveInitiated
    William BlairOutperformUpgraded
    Edward JonesBuyUpgraded
    WunderlichBuyMaintained
    UBSNeutralMaintained
    BarclaysUnderweightMaintained
    UBSNeutralMaintained
    WunderlichBuyMaintained
    UBSNeutralMaintained
    WunderlichBuyInitiated
    UBSNeutralMaintained

    Fastenal Co. (FAST) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.370
    The average consensus EPS for FAST is $0.370 with a high estimate of $0.389 and Low of $0.343 for the period 2021-12-31 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.42$0.41936282021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.42351422021-09-30
    $0.42$0.41936282021-06-30
    $0.37$0.3718412021-03-31
    $0.34$0.33616142020-12-31
    $0.38$0.38184722020-09-30
    $0.42$0.36596582020-06-30
    $0.35$0.350094600000000032020-03-31
    $0.31$0.320282019-12-31
    $0.37$0.361957200000000032019-09-30
    $0.36$0.38032742019-06-30
    $0.34$0.34155722019-03-31
    $0.295$0.305081999999999962018-12-31
    $0.345$0.341863200000000032018-09-30
    $0.295$0.337915800000000042018-06-30
    $0.305$0.313395000000000032018-03-31
    $0.225$0.2311832017-12-31
    $0.25$0.254734800000000042017-09-30
    $0.26$0.25323542017-06-30
    $0.23$0.234569399999999982017-03-31
    $0.2$0.193585800000000032016-12-31
    $0.22$0.231723600000000032016-09-30
    $0.225$0.24310682016-06-30
    $0.22$0.22731722016-03-31
    $0.195$0.20469362015-12-31
    $0.235$0.237384600000000032015-09-30
    $0.24$0.237915000000000022015-06-30
    $0.215$0.21135422015-03-31
    $0.2$0.201450000000000022014-12-31
    $0.225$0.228714600000000022014-09-30
    $0.22$0.226521600000000052014-06-30
    $0.19$0.19192322014-03-31
    $0.165$0.17548082013-12-31
    $0.2$0.208426800000000022013-09-30
    $0.205$0.209099999999999982013-06-30
    $0.185$0.189169199999999982013-03-31
    $0.165$0.16922822012-12-31
    $0.185$0.18962822012-09-30
    $0.19$0.188192012-06-30
    $0.17$0.17623562012-03-31
    $0.15$0.150452011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).