Press coverage about Fastenal (NASDAQ:FAST) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fastenal earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.0822822667092 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have commented on FAST shares. KeyCorp reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Fastenal in a report on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and set a $51.00 target price on shares of Fastenal in a report on Monday, December 11th. BMO Capital Markets restated a “market perform” rating and set a $51.00 price objective (up from $46.00) on shares of Fastenal in a research report on Tuesday, October 10th. Stephens set a $54.00 target price on Fastenal and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley restated an “equal weight” rating and set a $46.00 price objective (up from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $53.00.
Shares of Fastenal (NASDAQ:FAST) traded up $0.68 on Thursday, hitting $55.09. The company’s stock had a trading volume of 2,109,463 shares, compared to its average volume of 2,166,308. The company has a market capitalization of $15,830.00, a price-to-earnings ratio of 29.46, a PEG ratio of 1.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36. Fastenal has a 52-week low of $39.79 and a 52-week high of $55.92.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. equities analysts forecast that Fastenal will post 1.93 EPS for the current year.
In other news, insider Gary A. Polipnick sold 2,634 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $53.45, for a total value of $140,787.30. Following the completion of the transaction, the insider now directly owns 59,323 shares in the company, valued at approximately $3,170,814.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leland J. Hein sold 10,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $47.14, for a total value of $471,400.00. Following the completion of the sale, the insider now directly owns 21,290 shares of the company’s stock, valued at approximately $1,003,610.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,746 shares of company stock valued at $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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