Stock To Watch: Fastenal Company (NASDAQ:FAST)


The leading market experts have placed a mean price target of $45.29 on Fastenal Company (NASDAQ:FAST) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $1.82 for the current fiscal. Technical View The technical analysis of Fastenal Company plainly substantiates that the 50-day moving average of Fastenal Company is $45.57, and stock is hovering -0.78 or -1.71% distant from $45.57. It is noted that the 200-day MA is $44.05, and Fastenal Company stock is $0.74 or +1.68% off from this point. Fastenal Company (NASDAQ:FAST) 52-week high is $49.99 and the 52-week low is $34.45. This explains if the stock moves $-5.20, it will post a 52-week high. In event of $+30.01% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Fastenal Company, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fastenal Company (NASDAQ:FAST) ratio came in at 25.21. The stock last ended the trading session at $44.79 and registered a market cap of $12.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fastenal Company (NASDAQ:FAST) PEG ratio is at 2.16.

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