Trend Analysis Fastenal Company (FAST) is 42.09% higher this YTD. Is...

Fastenal Company (FAST) is 42.09% higher this YTD. Is it still time to buy?

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Fastenal Company (NASDAQ:FAST) stock went on a downward path that fall over -0.35% on Wednesday, amounting to a one-week price increase of more than 2.37%. Over the last 12 months, FAST stock rose by 41.15%. The one-year FAST stock forecast points to a potential upside of 0.08, with the average price target set at $33.60 per share. The average equity rating for FAST stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for FAST stock reached $21.31 billion, with 573.50 million shares outstanding and 571.95 million shares in the current float. Compared to the average trading volume of 4.74M shares, FAST reached a trading volume of 7305993 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Fastenal Company (FAST)?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FAST shares is $34.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FAST stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Edward Jones have made an estimate for Fastenal Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 30, 2019. While these analysts kept the previous recommendation, Stephens raised their target price from $36 to $37. The new note on the price target was released on October 14, 2019, representing the official price target for Fastenal Company stock. On June 14, 2019, analysts decreased their price target for FAST shares from 32 to 31.

The Average True Range (ATR) for Fastenal Company is set at 0.94, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 4.03. The Price to Book ratio for the last quarter was 8.24, with the Price to Cash per share for the same quarter was set at 0.33. Price to Free Cash Flow for FAST in the course of the last twelve months was 1177.10 with Quick ratio for the last quarter at 2.10.

How has FAST stock performed recently?

Fastenal Company (FAST) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.37. With this latest performance, FAST shares gained by 21.39% in over the last four-week period, additionally plugging by 12.56% over the last 6 months – not to mention a rise of 41.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FAST stock in for the last two-week period is set at 62.65, with the RSI for the last a single of trading hit 63.05, and the three-weeks RSI is set at 62.76 for Fastenal Company (FAST). The present Moving Average for the last 50 days of trading for this stock 33.60, while it was recorded at 36.96 for the last single week of trading, and 32.19 for the last 200 days.

Fastenal Company (FAST): Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Fastenal Company (FAST) shares currently have an operating margin of +20.11 and a Gross Margin at +48.32. Fastenal Company’s Net Margin is presently recorded at +15.14.

Return on Total Capital for FAST is now 37.58, given the latest momentum, and Return on Invested Capital for the company is 28.33. Return on Equity for this stock inclined to 34.18, with Return on Assets sitting at 24.13. When it comes to the capital structure of this company, Fastenal Company (FAST) has a Total Debt to Total Equity ratio set at 21.71. Additionally, FAST Total Debt to Total Capital is recorded at 17.84, with Total Debt to Total Assets ending up at 15.05. Long-Term Debt to Equity for the company is recorded at 21.58, with the Long-Term Debt to Total Capital now at 17.73.

Reflecting on the efficiency of the workforce at the company, Fastenal Company (FAST) managed to generate an average of $34,739 per employee. Receivables Turnover for the company is 7.51 with a Total Asset Turnover recorded at a value of 1.59. Fastenal Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 4.50.

Earnings analysis for Fastenal Company (FAST)

With the latest financial reports released by the company, Fastenal Company posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FAST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastenal Company go to 19.00%.

Insider trade positions for Fastenal Company (FAST)

There are presently around $18,794 million, or 87.30% of FAST stock, in the hands of institutional investors. The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 67,317,971, which is approximately 1.785% of the company’s market cap and around 0.25% of the total institutional ownership; BLACKROCK INC., holding 43,456,381 shares of the stock with an approximate value of $1.0 billion in FAST stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $1.0 billion in FAST stock with ownership of nearly -3.866% of the company’s market capitalization.

Positions in Fastenal Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 336 institutional holders increased their position in Fastenal Company (NASDAQ:FAST) by around 33,376,148 shares. Additionally, 351 investors decreased positions by around 22,975,812 shares, while 147 investors held positions by with 447,767,231 shares. The mentioned changes placed institutional holdings at 504,119,191 shares, according to the latest SEC report filing. FAST stock had 77 new institutional investments in for a total of 5,016,640 shares, while 49 institutional investors sold positions of 4,601,906 shares during the same period.

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