Fastenal stock: buy or sell?

FAST stock price: $31.86 -1.67% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Shares of Fastenal closed today at $31.86 and slightly fell a fatal -1.67%. With Friday it's been 3 red days in a row.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

Is FAST a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-17Buckingham Researchn/aNeutral
2019-7-12Wells Fargo & Con/aMarket Perform
2019-7-12Raymond Jamesn/aStrong-Buy
2019-7-12Morgan Stanleyn/aEqual Weight
2019-7-12Buckingham Researchn/aNeutral
2019-6-14Buckingham Researchn/aNeutral
2019-4-8Buckingham ResearchNeutralHold
2019-4-16Morgan StanleyEqual WeightEqual Weight
2019-4-12Raymond Jamesn/aBuy
2019-4-12Raymond Jamesn/aStrong-Buy
2019-1-8Wolfe ResearchUnderperformMarket Perform
2019-1-7Jefferies Financial GroupHoldHold
2019-1-18ArgusBuyPositive
2019-1-11Buckingham Researchn/aHold

Fastenal stock analysis

Daily outlook

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.

FAST stock chart (daily)

Weekly outlook

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.

FAST stock chart (weekly)

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 $48.00

Nobody 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:
FAST stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-17Buckingham ResearchRaises Target$29.00$30.003.4%
2019-7-12Wells Fargo & CoLowers Target$35.00$30.00-14.3%
2019-7-12Raymond JamesLowers Target$39.00$37.00-5.1%
2019-7-12Morgan StanleyLowers Target$31.50$29.00-7.9%
2019-7-12Buckingham ResearchLowers Target$31.00$29.00-6.5%
2019-6-14Buckingham ResearchSet Price Target$32.00$31.00-3.1%
2019-4-8Buckingham ResearchReiterates$57.00$60.005.3%
2019-4-16Morgan StanleyRaises Target$55.00$63.0014.5%
2019-4-12Raymond JamesSet Price Target$75.00$78.004%
2019-4-12Raymond JamesRaises Target$75.00$78.004%
2019-1-7Jefferies Financial GroupInitiatesn/a$60.00-
2019-1-11Buckingham ResearchSet Price Targetn/a$51.00-
(in average)$46.00$48.004.0%
Moving in a range from $78.00 and $29.00, the price prediction for Fastenal stock is $48.00. In average, analysts' outlook on FAST price forecast is positive, increasing the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
FAST earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.51n/a
2017-Q32017-10-110.50.50.0%
2017-Q42018-01-170.450.450.0%
2018-Q12018-04-110.610.610.0%
2018-Q22018-07-110.660.7412.1%
2018-Q32018-10-100.670.693.0%
2018-Q42019-01-170.60.60.0%
2019-Q12019-04-090.66n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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%.

FAST annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,330 M-$449 M13.5%-
2014$3,734 M12.12%$494 M13.2%10.14%
2015$3,869 M3.63%$516 M13.3%4.49%
2016$3,962 M2.40%$499 M12.6%-3.27%
2017$4,391 M10.81%$579 M13.2%15.84%
2018$4,965 M13.09%$752 M15.1%29.95%
TTM $5,089 M2.49%$772 M15.2%2.63%

Quarterly financial results

Fastenal 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%.
FAST quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,120 M-$149 M13.3%-
2017-Q3$1,130 M0.89%$143 M12.7%-3.90%
2017-Q4$1,089 M-3.67%$152 M14.0%6.50%
2018-Q1$1,186 M8.94%$174 M14.7%14.37%
2018-Q2$1,268 M6.92%$211 M16.7%21.17%
2018-Q3$1,280 M0.94%$198 M15.4%-6.44%
2018-Q4$1,232 M-3.77%$169 M13.7%-14.57%
2019-Q1$1,309 M6.31%$194 M14.8%14.99%

Fastenal ownership

When 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:

FASTAXEGWWHDSLAWS
Market cap$18.3 B$2.2 B$15.9 B$6.7 B$370.6 M
Total shares573.4 M33.7 M54.6 M170.8 M9.0 M
Float shares571.1 M30.1 M43.8 M168.8 M8.7 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 selling0.0%0.0%0.0%0.0%0.0%

Fastenal summary

Friday, September 20th, 2019
Open$32.41
Close$31.86
Day range$31.86 - $32.63
Previous close$32.40
Session gain-1.67%
Average true range$0.85
50d mov avg$30.84
100d mov avg$31.42
200d mov avg$30.66
Daily patternlt06a
Weekly pattern

Fastenal performance

Performance 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.
Stock3m6m12m
FASTFastenal-1.58%4.63%11.28%
AXEAnixter Internati...12.30%20.40%-9.55%
GWWW.W. Grainger7.22%0.97%-16.30%
HDSHD Supply-1.29%-6.40%-8.23%
LAWSLawson Products12.22%33.40%32.33%
MSMMSC Industrial Di...-2.87%-10.31%-18.29%
WCCWESCO Internation...-5.64%-8.27%-24.71%

Fastenal competitors

One 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.

Latest Fastenal stock news