Fastenal stock: buy or sell?
September 20th, 2019
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally.
Should I buy Fastenal stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Fastenal stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Fastenal stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 14 ratings published for FAST stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-12||Wells Fargo & Co||n/a||Market Perform|
|2019-7-12||Morgan Stanley||n/a||Equal Weight|
|2019-4-16||Morgan Stanley||Equal Weight||Equal Weight|
|2019-1-8||Wolfe Research||Underperform||Market Perform|
|2019-1-7||Jefferies Financial Group||Hold||Hold|
Fastenal stock analysis
Fastenal shares slightly fell -1.67% to $31.86 today.
Shares of Fastenal slightly fell a fatal -1.67% and closed at $31.86. On September/5 FAST price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, FAST is in a short term uptrend after plotting its last bottom ($29.26, on Aug 28th) higher than the previous bottom, and its last top ($34.09, on September 13th) also over the previous top. Now trading in between its last bottom and last top FAST might consolidate in a plain range, waiting to break out over $34.09 or down under $29.26.
After boosting an exceptional 6.18% in a week last week, Fastenal closed this week at $31.86 and collapsed a dreadful -5.29%.
Since late August when FAST stock price broke up the SMA40w line, it gained $2.20 (7.42%). Far behind is the all-time high Fastenal marked late April and since then the price is -10.73% below that top.
Fastenal stock price history
Fastenal stock went public on August 20th, 1987 with a price of $0.041. Since then, FAST stock grew a 79,550.00%, with an average of 2,485.90% per year. If you had invested right after FAST's IPO a $1,000 in Fastenal stock in 1987, it would worth $795,500.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Fastenal stock historical price chart
FAST stock reached all-time highs on April with a price of $35.69.
Fastenal stock price target is $48.00Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 12 price forecasts for FAST stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-17||Buckingham Research||Raises Target||$29.00||$30.00||3.4%|
|2019-7-12||Wells Fargo & Co||Lowers Target||$35.00||$30.00||-14.3%|
|2019-7-12||Raymond James||Lowers Target||$39.00||$37.00||-5.1%|
|2019-7-12||Morgan Stanley||Lowers Target||$31.50||$29.00||-7.9%|
|2019-7-12||Buckingham Research||Lowers Target||$31.00||$29.00||-6.5%|
|2019-6-14||Buckingham Research||Set Price Target||$32.00||$31.00||-3.1%|
|2019-4-16||Morgan Stanley||Raises Target||$55.00||$63.00||14.5%|
|2019-4-12||Raymond James||Set Price Target||$75.00||$78.00||4%|
|2019-4-12||Raymond James||Raises Target||$75.00||$78.00||4%|
|2019-1-7||Jefferies Financial Group||Initiates||n/a||$60.00||-|
|2019-1-11||Buckingham Research||Set Price Target||n/a||$51.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Fastenal . As soon as we get its actual EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Fastenal annual sales rocketed a super good 13.09% to $4,965.10 M USD from $4,390.50 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) stepped up a 1.97% to 15.14%. Fastenal fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Fastenal TTM sales up to March 2019 were $5,088.60 and earnings $771.70 M USD. If we compare this TTM figures with the last reported annuality, we can review Fastenal business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, appreciated a slightly fine 2.49%. Nonetheless, profit margin (net income/revenues) stayed constant at 15.14%.
|2013||$3,330 M||-||$449 M13.5%||-|
|2014||$3,734 M||12.12%||$494 M13.2%||10.14%|
|2015||$3,869 M||3.63%||$516 M13.3%||4.49%|
|2016||$3,962 M||2.40%||$499 M12.6%||-3.27%|
|2017||$4,391 M||10.81%||$579 M13.2%||15.84%|
|2018||$4,965 M||13.09%||$752 M15.1%||29.95%|
|TTM||$5,089 M||2.49%||$772 M15.2%||2.63%|
Quarterly financial resultsFastenal reported $1,309.30 million in revenues for 2019-Q1, a 6.31% up compared to previous quarter. Reported quarter earnings marked $194.10 million with a profit margin of 14.82%. Profit margin gained a 1.12% compared to previous quarter when profit margin was 13.71%. When comparing revenues to same quarter last year, Fastenal sales marked an impressive increase and boosted a 10.41%.
|2017-Q2||$1,120 M||-||$149 M13.3%||-|
|2017-Q3||$1,130 M||0.89%||$143 M12.7%||-3.90%|
|2017-Q4||$1,089 M||-3.67%||$152 M14.0%||6.50%|
|2018-Q1||$1,186 M||8.94%||$174 M14.7%||14.37%|
|2018-Q2||$1,268 M||6.92%||$211 M16.7%||21.17%|
|2018-Q3||$1,280 M||0.94%||$198 M15.4%||-6.44%|
|2018-Q4||$1,232 M||-3.77%||$169 M13.7%||-14.57%|
|2019-Q1||$1,309 M||6.31%||$194 M14.8%||14.99%|
Fastenal ownershipWhen you are planning to buy a stock, it's worth to overview its ownership structure.
Fastenal shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.25% of all shares.
Bearish positions for FAST stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Fastenal:
|Market cap||$18.3 B||$2.2 B||$15.9 B||$6.7 B||$370.6 M|
|Total shares||573.4 M||33.7 M||54.6 M||170.8 M||9.0 M|
|Float shares||571.1 M||30.1 M||43.8 M||168.8 M||8.7 M|
|- Institutional holdings (%)||88.4%||87.5%||79.9%||100.7%||86.6%|
|- Insider holdings (%)||0.2%||7.8%||17.4%||0.4%||36.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$31.86 - $32.63|
|Average true range||$0.85|
|50d mov avg||$30.84|
|100d mov avg||$31.42|
|200d mov avg||$30.66|
Fastenal performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We chose Anixter International, W.W. Grainger, HD Supply, Lawson Products, MSC Industrial Direct and WESCO International as the bechmarking frame for Fastenal stock.
|MSMMSC Industrial Di...||-2.87%||-10.31%||-18.29%|
Fastenal competitorsOne check before trading any stock is to review a list of its competitors, in this case for Fastenal. We selected 6 companies as Fastenal competitors as they are in the same industry or have similar market objectives.
- Anixter International (AXE)
- W.W. Grainger (GWW)
- HD Supply (HDS)
- Lawson Products (LAWS)
- MSC Industrial Direct (MSM)
- WESCO International (WCC)
Latest Fastenal stock news
- Seeking AlphaGross Margin Improvement Can Push Fastenal UpwardsJuly 24, 2019
- InvestorPlace3 Big Stock Charts for Monday: Southern Co., Fastenal and PepsiCoJuly 22, 2019
- InvestorPlaceFastenal Company Earnings: FAST Stock Falls on Q2 MissJuly 11, 2019
- Investors.comStock Market Rallies, But Still Fades; GoDaddy, Fastenal Make MovesApril 11, 2019
- InvestorPlaceFastenal Earnings: FAST Stock Jumps on Q1 BeatApril 11, 2019