Fastenal Co (NASDAQ: FAST) Not A Good Play Anymore?

Fastenal Co (FAST) concluded trading on Thursday at a closing price of $82.16, with 3.21 million shares of worth about $263.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.98% during that period and on November 14, 2024 the price saw a loss of about -1.75%. Currently the company’s common shares owned by public are about 571.98M shares, out of which, 571.72M shares are available for trading.

Stock saw a price change of -1.13% in past 5 days and over the past one month there was a price change of 5.64%. Year-to-date (YTD), FAST shares are showing a performance of 26.85% which increased to 35.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.09 but also hit the highest price of $84.88 during that period. The average intraday trading volume for Fastenal Co shares is 2.55 million. The stock is currently trading 3.46% above its 20-day simple moving average (SMA20), while that difference is up 10.08% for SMA50 and it goes to 16.93% higher than SMA200.

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Fastenal Co (NASDAQ: FAST) currently have 571.98M outstanding shares and institutions hold larger chunk of about 82.86% of that.

The stock has a current market capitalization of $47.07B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 40.83, while it has posted earnings per share of $2.01 in the same period. Its PEG reads 5.24 and has Quick Ratio of 2.29 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FAST, volatility over the week remained 1.81% while standing at 1.66% over the month.

Stock’s fiscal year EPS is expected to rise by 0.66% while it is estimated to increase by 7.98% in next year. EPS is likely to shrink at an annualized rate of 7.79% for next 5-years, compared to annual growth of 9.01% made by the stock over the past 5-years.

Coverage by BofA Securities stated Fastenal Co (FAST) stock as a Buy in their note to investors on October 07, 2024, suggesting a price target of $85 for the stock. On September 06, 2024, Morgan Stanley Initiated their recommendations, while on September 15, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $59. Stock get an Equal-weight rating from Stephens on July 13, 2023.

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