Fastenal (FAST) Getting Somewhat Positive News Coverage, Report Shows
Media stories about Fastenal (NASDAQ:FAST) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fastenal earned a news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.9973698175678 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Fastenal (FAST) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- WINTON GROUP Ltd Purchases New Stake in Fastenal (nismagazine.com)
- Is it a Good Time to Add Fastenal to Your Portfolio Now? (finance.yahoo.com)
- Check Capital Management Has Raised Fastenal (FAST) Holding; Ekso Bionics Holdings (EKSO) Shorts Increased By … – Hill Country Times (hillcountrytimes.com)
- Philadelphia Trust Company Raised Its Procter & Gamble Company (PG) Holding; Fastenal Co (FAST)’s Sentiment Is 1.3 – Hill Country Times (hillcountrytimes.com)
Several equities research analysts have issued reports on FAST shares. KeyCorp reaffirmed a “buy” rating and set a $52.00 price target on shares of Fastenal in a research note on Thursday, October 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a $51.00 price target (up previously from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. Stephens set a $54.00 target price on Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 target price (up previously from $44.00) on shares of Fastenal in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $51.00 target price on shares of Fastenal in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.00.
Fastenal (NASDAQ FAST) traded up $0.54 during midday trading on Wednesday, hitting $54.67. The stock had a trading volume of 868,180 shares, compared to its average volume of 2,753,631. Fastenal has a 12 month low of $39.79 and a 12 month high of $55.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36. The company has a market cap of $15,533.45, a price-to-earnings ratio of 29.08, a PEG ratio of 2.00 and a beta of 1.08.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Fastenal had a return on equity of 28.57% and a net margin of 12.63%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Fastenal’s revenue was up 11.8% compared to the same quarter last year. sell-side analysts anticipate that Fastenal will post 1.93 earnings per share for the current year.
In related news, insider Leland J. Hein sold 10,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $47.14, for a total transaction of $471,400.00. Following the transaction, the insider now owns 21,290 shares in the company, valued at approximately $1,003,610.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gary A. Polipnick sold 2,634 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $53.45, for a total value of $140,787.30. Following the transaction, the insider now owns 59,323 shares in the company, valued at approximately $3,170,814.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,746 shares of company stock worth $4,020,619. 0.55% of the stock is owned by company insiders.
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Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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