Stock To Watch: Fastenal Company (NASDAQ:FAST)


The leading market experts have placed a mean price target of $43.13 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 $0.40 a share for the upcoming quarter and $1.74 for the current fiscal. Technical View The technical analysis of Fastenal Company plainly substantiates that the 50-day moving average of Fastenal Company is $43.51, and stock is hovering -0.43 or -0.99% distant from $43.51. It is noted that the 200-day MA is $44.76, and Fastenal Company stock is $-1.68 or -3.75% 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 $-6.91, it will post a 52-week high. In event of $+25.05% 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 24.62. The stock last ended the trading session at $43.08 and registered a market cap of $12.45B. 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 2.49.

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