Fastenal Company (FAST)
NASDAQ: FAST · IEX Real-Time Price · USD
62.76
+0.67 (1.08%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Fastenal Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Fastenal Company stock have an average target of 66.8, with a low estimate of 50 and a high estimate of 85. The average target predicts an increase of 6.44% from the current stock price of 62.76.
Analyst Consensus: Hold
* Price targets were last updated on May 7, 2024.
Analyst Ratings
The average analyst rating for FAST stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 2 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $71 → $69 | Hold | Maintains | $71 → $69 | +9.94% | May 7, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $71 → $66 | Hold | Maintains | $71 → $66 | +5.16% | Apr 15, 2024 |
| HSBC | HSBC | Hold Maintains $59 → $64 | Hold | Maintains | $59 → $64 | +1.98% | Apr 15, 2024 |
| Baird | Baird | Hold Maintains $77 → $71 | Hold | Maintains | $77 → $71 | +13.13% | Apr 12, 2024 |
| Stifel | Stifel | Strong Buy Maintains $75 → $85 | Strong Buy | Maintains | $75 → $85 | +35.44% | Mar 18, 2024 |
Financial Forecast
Revenue This Year
7.84B
from 7.35B
Increased by 6.65%
Revenue Next Year
8.46B
from 7.84B
Increased by 7.94%
EPS This Year
2.12
from 2.02
Increased by 5.02%
EPS Next Year
2.32
from 2.12
Increased by 9.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.3B | 9.2B | 9.9B | 10.4B | 11.4B |
| Avg | 7.8B | 8.5B | 9.2B | 10.1B | 11.0B |
| Low | 7.4B | 7.8B | 8.4B | 9.7B | 10.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.6% | 17.2% | 17.5% | 13.3% | 12.4% |
| Avg | 6.6% | 7.9% | 8.7% | 10.0% | 8.9% |
| Low | 0.5% | -1.0% | -1.2% | 5.5% | 4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.26 | 2.57 | 2.78 | 2.93 | 3.21 |
| Avg | 2.12 | 2.32 | 2.55 | 2.85 | 3.12 |
| Low | 1.97 | 2.10 | 2.31 | 2.73 | 3.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 21.3% | 20.1% | 14.9% | 12.9% |
| Avg | 5.0% | 9.2% | 10.0% | 11.6% | 9.7% |
| Low | -2.5% | -1.1% | -0.5% | 7.2% | 5.4% |
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.