Fastenal Company (FAST)
NASDAQ: FAST · Real-Time Price · USD
71.65
+0.94 (1.33%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Fastenal Company Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Fastenal Company stock have an average target of 69.63, with a low estimate of 56 and a high estimate of 85. The average target predicts a decrease of -2.82% from the current stock price of 71.65.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FAST stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 5 | 5 | 6 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Initiates $72 | Hold | Initiates | $72 | +0.49% | Sep 6, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $85 → $80 | Strong Buy | Reiterates | $85 → $80 | +11.65% | Jul 15, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $56 | Hold | Reiterates | $56 | -21.84% | Jul 15, 2024 |
| Jefferies | Jefferies | Hold Maintains $74 → $65 | Hold | Maintains | $74 → $65 | -9.28% | Jul 11, 2024 |
| Baird | Baird | Hold Maintains $71 → $69 | Hold | Maintains | $71 → $69 | -3.70% | May 7, 2024 |
Financial Forecast
Revenue This Year
7.74B
from 7.35B
Increased by 5.38%
Revenue Next Year
8.30B
from 7.74B
Increased by 7.14%
EPS This Year
2.08
from 2.02
Increased by 3.17%
EPS Next Year
2.25
from 2.08
Increased by 7.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.1B | 8.8B | 9.6B | ||
| Avg | 7.7B | 8.3B | 9.0B | ||
| Low | 7.4B | 7.7B | 8.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.1% | 13.6% | 15.6% | ||
| Avg | 5.4% | 7.1% | 8.1% | ||
| Low | 0.7% | -0.3% | 0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.20 | 2.44 | 2.68 | ||
| Avg | 2.08 | 2.25 | 2.46 | ||
| Low | 1.97 | 1.99 | 2.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.7% | 17.1% | 19.3% | ||
| Avg | 3.2% | 7.8% | 9.6% | ||
| Low | -2.5% | -4.5% | -1.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.