Is Fastenal (fast) a good stock to buy now?
- Yahoo Finance Fastenal has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 1 hold rating, and 2 sell ratings. According to analysts' consensus price target of $58.00, Fastenal has a forecasted upside of 13.3% from its current price of $51.20.
What is the Fastenal Share Split and how did it affect investors?
The newly issued shares were payable to shareholders after the market closes on Tuesday, May 21st 2019. An investor that had 100 shares of Fastenal stock prior to the split would have 200 shares after the split.
Is there an upside for Fastenal Corporation's stock?
According to analysts' consensus price target of $58.00, Fastenal has a forecasted upside of 13.3% from its current price of $51.20. Fastenal has only been the subject of 3 research reports in the past 90 days. Fastenal has received 403 “outperform” votes. (Add your “outperform” vote.) Fastenal has received 309 “underperform” votes.
How does Fastenal’s forecast impact sales growth?
Over half of Fastenal’s customers are large enterprises, which can generate lower gross profit margins due to their bargaining power. We think it’s more reasonable to forecast 9% sales growth, with a midcycle margin of 21%. Fastenal opened its first fastener store in 1967 in Winona, Minnesota.
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Is Fastenal a good stock to buy?
Fastenal Company has a Quality Score of 94, which is Very Strong.
Is Fastenal overvalued?
In summary, Fastenal Co (NAS:FAST, 30-year Financials) stock shows every sign of being significantly overvalued. The company's financial condition is fair and its profitability is strong. Its growth ranks in the middle range of the companies in Industrial Distribution industry.
When did Fastenal stock split?
The first split for FAST took place on March 31, 1992. This was a 2 for 1 split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FAST's second split took place on March 30, 1995.
Is Fastenal going out of business?
Fastenal opened two new public branches this past Q4 and closed 68, and for the full year, it opened 10 and closed 220. Fastenal's branch count ended 2021 down 10.5 percent year-over-year.
How can I invest in Fastenal?
How to buy shares in Fastenal CompanyCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Should I buy or sell Fastenal stock right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 2 h...
What is Fastenal's stock price forecast for 2022?
5 analysts have issued twelve-month target prices for Fastenal's shares. Their forecasts range from $56.00 to $66.00. On average, they predict Fast...
How has Fastenal's stock price performed in 2022?
Fastenal's stock was trading at $64.06 at the beginning of 2022. Since then, FAST shares have decreased by 19.2% and is now trading at $51.75. Vie...
When is Fastenal's next earnings date?
Fastenal is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022. View our earnings forecast for Fastenal .
How were Fastenal's earnings last quarter?
Fastenal (NASDAQ:FAST) released its quarterly earnings data on Wednesday, April, 13th. The company reported $0.47 earnings per share (EPS) for the...
How often does Fastenal pay dividends? What is the dividend yield for Fastenal?
Fastenal declared a quarterly dividend on Tuesday, April 12th. Shareholders of record on Wednesday, April 27th will be given a dividend of $0.31 pe...
Is Fastenal a good dividend stock?
Fastenal(NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.30%. Fastenal has been increasing its divi...
When did Fastenal's stock split? How did Fastenal's stock split work?
Fastenal's stock split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were payable...
Who are Fastenal's key executives?
Fastenal's management team includes the following people: Mr. Daniel L. Florness , Pres, CEO & Director (Age 59, Pay $1.89M) Mr. Holden Lewis ,...
Who bought Fastenal stock?
What is the dividend payout ratio for Fastenal?
Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, Michael J Ancius, Michael John Dolan, and Stephen L Eastman. View insider buying and selling activity for Fastenal or or view top insider-buying stocks.
When did Fastenal split?
The dividend payout ratio of Fastenal is 75.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fastenal will have a dividend payout ratio of 65.88% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
What is fastenal valuation?
The 2-1 split was announced on Thursday, April 18th 2019. The newly created shares were distributed to shareholders after the closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of Fastenal stock prior to the split would have 200 shares after the split.
Where is Fastenal located?
A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory, and a dedicated sales team to support local businesses.
Is Fastenal a distributor?
Reported on 7/13/21. Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory, and a dedicated sales team to support local businesses.
What is fastenal company?
Fastenal refers to itself as a supply chain solutions company, and Reuters calls it an industrial distributor. Fastenal is also a sponsor of NASCAR since 2006 and most recently became the official MRO partner of the NHL in 2020. Wikipedia.
Where is Fastenal located?
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded ...
How much is Fastenal sales?
Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota. More... Sector. Industrials. Industry. Trading Companies and Distributors. Employees. 18,253.
Where is Fastenal located?
Still, Fastenal's $1.5 billion of sales was 10% higher than the second quarter of 2019, which tells us the company's traditional end markets are recovering while pandemic-related sales continue, albeit at more moderate levels. Second-quarter earnings season has just begun, but inflation has already been a hot topic.
