NASDAQ:FAST - Fastenal Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $47.88
Forecasted Upside: -11.18 %
Number of Analysts: 10
Breakdown:
1 Sell Ratings
6 Hold Ratings
3 Buy Ratings
0 Strong Buy Ratings

^$53.90 As of 05/14/2021 01:00 AM ET

▲ +0.66 (1.24%)

1 month | 3 months | 12 months

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Analyst Price Target for FAST

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$47.88

▼ -11.18% Downside Potential

This price target is based on 10 analysts offering 12 month price targets for Fastenal in the last 3 months. The average price target is $47.88, with a high forecast of $53.00 and a low forecast of $34.00. The average price target represents a -11.18% upside from the last price of $53.90.

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Hold

The current consensus among 10 investment analysts is to hold stock in Fastenal. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
3 buy ratings
9 hold ratings
2 sell ratings

Ratings as of

11/23/2019

0 strong buy ratings
3 buy ratings
8 hold ratings
2 sell ratings

Ratings as of

2/21/2020

0 strong buy ratings
3 buy ratings
7 hold ratings
2 sell ratings

Ratings as of

5/21/2020

0 strong buy ratings
3 buy ratings
8 hold ratings
2 sell ratings

Ratings as of

8/19/2020

0 strong buy ratings
3 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

11/17/2020

0 strong buy ratings
3 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

2/15/2021

0 strong buy ratings
3 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

4/16/2021

0 strong buy ratings
3 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

5/16/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
4/20/2021	Morgan Stanley	Boost Price Target	Equal Weight	$49.00 ➝ $53.00	Low	i
4/14/2021	Morgan Stanley	Boost Price Target	Equal Weight	$49.00 ➝ $53.00	Low	i
4/14/2021	Robert W. Baird	Boost Price Target	Outperform	$50.00 ➝ $53.00	Low	i
1/21/2021	Morgan Stanley	Boost Price Target	Equal Weight	$47.00 ➝ $49.00	Medium	i
12/16/2020	Deutsche Bank Aktiengesellschaft	Downgrade	Buy ➝ Hold	$51.00	Low	i Rating by Kevin Marek at Deutsche Bank Aktiengesellschaft
10/15/2020	Stephens	Initiated Coverage	Overweight		Low	i
10/15/2020	Argus	Boost Price Target	Positive ➝ Buy	$43.00 ➝ $52.00	Low	i
10/14/2020	Deutsche Bank Aktiengesellschaft	Lower Price Target		$54.00 ➝ $52.00	Low	i Rating by Kevin Marek at Deutsche Bank Aktiengesellschaft
10/14/2020	Morgan Stanley	Boost Price Target	Equal Weight	$46.00 ➝ $47.00	Low	i
9/15/2020	UBS Group	Initiated Coverage	Neutral	$44.00	Medium	i
9/4/2020	Raymond James	Downgrade	Market Perform ➝ Underperform		Low	i
9/3/2020	Wells Fargo & Company	Downgrade	Overweight ➝ Equal Weight	$50.00	High	i
7/27/2020	Deutsche Bank Aktiengesellschaft	Boost Price Target	Buy	$49.00 ➝ $51.00	Medium	i Rating by Kevin Marek at Deutsche Bank Aktiengesellschaft
7/15/2020	Jefferies Financial Group	Reiterated Rating	Hold	$46.00	Low	i Rating by Stephen Volkmann at Jefferies Financial Group Inc.
7/15/2020	Morgan Stanley	Boost Price Target	Equal Weight	$36.00 ➝ $46.00	Medium	i
7/2/2020	Wells Fargo & Company	Boost Price Target	Overweight	$45.00 ➝ $50.00	High	i
7/1/2020	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Buy	$50.00	High	i Rating by Kevin Marek at Deutsche Bank Aktiengesellschaft
6/23/2020	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$34.00	Low	i
5/7/2020	Robert W. Baird	Boost Price Target	Outperform	$39.00 ➝ $42.00	Low	i
5/7/2020	Morgan Stanley	Boost Price Target	Equal Weight	$34.00 ➝ $36.00	Medium	i
4/19/2020	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight		Medium	i
4/15/2020	Robert W. Baird	Boost Price Target	Outperform	$38.00 ➝ $39.00	Low	i
4/15/2020	Morgan Stanley	Boost Price Target	Equal Weight	$31.00 ➝ $34.00	Medium	i
4/15/2020	Stephens	Boost Price Target	Equal Weight	$32.00 ➝ $35.00	Low	i
4/13/2020	Stephens	Lower Price Target	Equal Weight	$37.00 ➝ $32.00	High	i
4/7/2020	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$26.00	Medium	i
3/19/2020	Wells Fargo & Company	Upgrade	Equal Weight ➝ Overweight	$45.00	High	i
3/17/2020	Morgan Stanley	Lower Price Target	Equal Weight	$37.00 ➝ $30.00	High	i
3/13/2020	Robert W. Baird	Upgrade	Neutral ➝ Outperform	$38.00 ➝ $40.00	High	i Rating by David Manthey at Robert W. Baird
1/21/2020	Buckingham Research	Boost Price Target	Neutral	$33.00 ➝ $36.00	High	i Rating by Robert Barry at Buckingham Research
12/11/2019	Morgan Stanley	Boost Price Target	Equal Weight	$31.00 ➝ $34.00	Medium	i
11/22/2019	Jefferies Financial Group	Initiated Coverage	Buy	$377.00	Low	i
10/30/2019	Edward Jones	Downgrade	Buy ➝ Hold		Low	i
10/15/2019	Argus	Boost Price Target	Buy	$41.00	Low	i
10/15/2019	Buckingham Research	Boost Price Target	Neutral	$30.00 ➝ $33.00	Low	i Rating by Robert Barry at Buckingham Research
10/14/2019	Wolfe Research	Downgrade	Market Perform ➝ Underperform		Low	i
10/14/2019	Robert W. Baird	Boost Price Target	Neutral	$34.00 ➝ $37.00	Medium	i
10/14/2019	Morgan Stanley	Boost Price Target	Equal Weight	$29.00 ➝ $31.00	Medium	i
10/14/2019	Raymond James	Downgrade	Strong-Buy ➝ Market Perform		Low	i Rating by Sam Darkatsh at Raymond James
10/14/2019	Stephens	Downgrade	Overweight ➝ Equal	$36.00 ➝ $37.00	Low	i
9/24/2019	Cleveland Research	Reiterated Rating	Hold		Medium	i Rating by Adam Uhlman at Cleveland Research
9/17/2019	Buckingham Research	Boost Price Target	Neutral	$29.00 ➝ $30.00	Low	i Rating by Robert Barry at Buckingham Research
7/12/2019	Buckingham Research	Lower Price Target	Neutral	$31.00 ➝ $29.00	Low	i Rating by Robert Barry at Buckingham Research
7/12/2019	Wells Fargo & Company	Lower Price Target	Market Perform	$35.00 ➝ $30.00	Low	i
7/12/2019	Raymond James	Lower Price Target	Strong-Buy	$39.00 ➝ $37.00	Low	i Rating by Sam Darkatsh at Raymond James
7/12/2019	Morgan Stanley	Lower Price Target	Equal Weight	$31.50 ➝ $29.00	Low	i
6/14/2019	Buckingham Research	Set Price Target	Neutral	$32.00 ➝ $31.00	High	i Rating by Robert Barry at Buckingham Research
6/11/2019	Raymond James	Set Price Target	Buy	$39.00	Low	i Rating by Sam Darkatsh at Raymond James
5/7/2019	William Blair	Downgrade	Outperform ➝ Market Perform		Medium	i Rating by R. Merkel at William Blair
4/16/2019	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$27.50 ➝ $31.50	Low	i
4/15/2019	Northcoast Research	Downgrade	Buy ➝ Neutral		Low	i Rating by T. Hayes at Northcoast Research
4/12/2019	Buckingham Research	Set Price Target	Hold	$32.50	Low	i Rating by Robert Barry at Buckingham Research
4/12/2019	Raymond James	Set Price Target	Buy	$37.50 ➝ $39.00	Low	i
4/8/2019	Buckingham Research	Boost Price Target	Neutral ➝ Neutral	$28.50 ➝ $30.00	Low	i Rating by Robert Barry at Buckingham Research
1/18/2019	Argus	Reiterated Rating	Buy ➝ Positive		High	i
1/11/2019	Buckingham Research	Set Price Target	Hold	$25.50	Low	i Rating by Robert Barry at Buckingham Research
1/8/2019	Wolfe Research	Upgrade	Underperform ➝ Market Perform		Medium	i
1/7/2019	Jefferies Financial Group	Initiated Coverage	Hold ➝ Hold	$30.00	Low	i
12/18/2018	Morgan Stanley	Initiated Coverage	Equal Weight ➝ Equal Weight	$27.50	Medium	i
12/4/2018	Longbow Research	Downgrade	Buy ➝ Neutral		High	i Rating by Chris Dankert at Longbow Research
12/4/2018	Longbow Research	Upgrade	Neutral ➝ Buy	$31.50	High	i
10/22/2018	Buckingham Research	Initiated Coverage	Neutral ➝ Neutral	$25.00	Low	i
10/11/2018	Wells Fargo & Company	Set Price Target	Hold	$26.50 ➝ $25.00	Low	i Rating by Allison Poliniak at Wells Fargo & Company
7/27/2018	Northcoast Research	Reiterated Rating	Buy	$31.00	Low	i Rating by Ryan Cieslak at Northcoast Research
7/13/2018	Stifel Nicolaus	Boost Price Target	Hold	$26.50 ➝ $28.00	Low	i
7/13/2018	Northcoast Research	Set Price Target	Buy	$30.00	Low	i Rating by Ryan Cieslak at Northcoast Research
7/12/2018	Wells Fargo & Company	Boost Price Target	Market Perform ➝ Market Perform	$24.50 ➝ $26.50	Low	i Rating by Allison Poliniak at Wells Fargo & Company
7/6/2018	BMO Capital Markets	Lower Price Target	Market Perform	$28.50 ➝ $27.00	Low	i
7/3/2018	Robert W. Baird	Downgrade	Outperform ➝ Neutral		Medium	i
6/27/2018	Wolfe Research	Initiated Coverage	Underperform		Medium	i
4/13/2018	KeyCorp	Reiterated Rating	Buy		Low	i
4/12/2018	Wells Fargo & Company	Set Price Target	Hold	$28.00 ➝ $24.50	Medium	i
4/11/2018	Stephens	Reiterated Rating	Buy	$30.00	Low	i Rating by Matt Duncan at Stephens
4/9/2018	BMO Capital Markets	Reiterated Rating	Hold	$28.50	Medium	i
4/3/2018	Stifel Nicolaus	Boost Price Target	Hold ➝ Hold	$27.00 ➝ $27.50	Medium	i
3/18/2018	The Goldman Sachs Group	Initiated Coverage	Sell ➝ Sell	$24.50	Medium	i
3/6/2018	Robert W. Baird	Reiterated Rating	Buy	$28.50	Low	i
3/2/2018	Northcoast Research	Set Price Target	Buy	$30.00	Medium	i Rating by Ryan Cieslak at Northcoast Research
1/18/2018	Credit Suisse Group	Upgrade	Buy	$30.50	High	i
1/18/2018	Stephens	Boost Price Target	Buy	$27.00 ➝ $31.00	High	i Rating by Matt Duncan at Stephens
1/17/2018	Robert W. Baird	Reiterated Rating	Buy		High	i
1/9/2018	BMO Capital Markets	Reiterated Rating	Hold	$28.50	High	i
1/9/2018	Credit Suisse Group	Reiterated Rating	Outperform	$26.00 ➝ $30.50	Low	i
12/11/2017	Stifel Nicolaus	Reiterated Rating	Hold	$25.50	Low	i
10/12/2017	KeyCorp	Reiterated Rating	Buy	$26.00	N/A	i
10/11/2017	Stephens	Set Price Target	Buy	$27.00	N/A	i Rating by Matt Duncan at Stephens
10/10/2017	BMO Capital Markets	Reiterated Rating	Market Perform	$23.00 ➝ $25.50	N/A	i
10/2/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$22.00 ➝ $23.00	Low	i
8/22/2017	Stifel Nicolaus	Reiterated Rating	Hold	$23.00	High	i
8/21/2017	BMO Capital Markets	Reiterated Rating	Hold	$23.00	High	i
8/4/2017	Northcoast Research	Reiterated Rating	Buy		Low	i Rating by R. Cieslak at Northcoast Research
7/25/2017	Northcoast Research	Initiated Coverage	Neutral ➝ Buy	$27.00	Low	i Rating by T. Hayes at Northcoast Research
7/14/2017	BMO Capital Markets	Boost Price Target	No Rating at Time	$24.50 ➝ $25.50	Low	i
7/14/2017	Stifel Nicolaus	Reiterated Rating	Hold	$22.50 ➝ $23.00	Low	i
7/13/2017	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$25.00	Low	i Rating by Sam Darkatsh at Raymond James
7/13/2017	UBS Group	Upgrade	Outperform ➝ Strong-Buy		Low	i
7/13/2017	Credit Suisse Group	Reiterated Rating	Buy	$26.00	Low	i Rating by Andrew Buscaglia at Credit Suisse Group AG
7/12/2017	Robert W. Baird	Upgrade	Neutral ➝ Outperform	$26.50	Low	i
7/12/2017	Wells Fargo & Company	Reiterated Rating	Market Perform	$25.50 ➝ $23.50	High	i
7/11/2017	Morgan Stanley	Reiterated Rating	Equal Weight		Low	i
6/26/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$23.00 ➝ $21.50	Medium	i
6/12/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$25.00 ➝ $23.00	Low	i
6/6/2017	Credit Suisse Group	Set Price Target	Buy	$26.00	Low	i Rating by Andrew Buscaglia at Credit Suisse Group AG
6/2/2017	Stephens	Initiated Coverage	Overweight	$27.00	Medium	i
6/2/2017	JPMorgan Chase & Co.	Initiated Coverage	Neutral ➝ Neutral	$23.00	Medium	i
6/2/2017	Longbow Research	Upgrade	Neutral ➝ Buy	$27.50	Medium	i
5/4/2017	Credit Suisse Group	Set Price Target	Buy	$26.00	Low	i Rating by Andrew Buscaglia at Credit Suisse Group AG
4/19/2017	Raymond James	Upgrade	Market Perform ➝ Buy	$25.00	Low	i Rating by Sam Darkatsh at Raymond James
4/19/2017	UBS Group	Upgrade	Market Perform ➝ Outperform		N/A	i
4/19/2017	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$27.50	High	i Rating by Andrew Buscaglia at Credit Suisse Group AG
4/18/2017	Argus	Upgrade	Hold ➝ Buy	$27.00	High	i
4/13/2017	Credit Suisse Group	Reiterated Rating	Hold	$24.50	Medium	i
4/12/2017	BMO Capital Markets	Reiterated Rating	Hold	$25.00	Medium	i
1/19/2017	Credit Suisse Group	Boost Price Target	Neutral	$20.50 ➝ $24.50	N/A	i
1/19/2017	Stifel Nicolaus	Boost Price Target	Hold	$22.00 ➝ $25.00	N/A	i
1/12/2017	Avondale Partners	Upgrade	Market Perform ➝ Outperform	$25.50 ➝ $27.00	N/A	i Rating by L. Pfeffer at Avondale Partners
1/5/2017	KeyCorp	Upgrade	Sector Weight ➝ Overweight	$26.50	N/A	i
12/5/2016	William Blair	Upgrade	Market Perform ➝ Outperform		N/A	i Rating by R. Merkel at William Blair
11/7/2016	BMO Capital Markets	Reiterated Rating	Hold	$22.50	N/A	i Rating by Scott Graham at BMO Capital Markets
10/14/2016	Argus	Downgrade	Buy ➝ Hold		N/A	i
10/13/2016	Robert W. Baird	Reiterated Rating	Neutral	$22.50	N/A	i Rating by David Manthey at Robert W. Baird
10/12/2016	BMO Capital Markets	Set Price Target	Hold	$23.50 ➝ $22.50	N/A	i Rating by Scott Graham at BMO Capital Markets
9/4/2016	Wells Fargo & Company	Reiterated Rating	Hold		N/A	i Rating by allison poliniak at Wells Fargo & Company
8/25/2016	Macquarie	Initiated Coverage	Neutral	$25.00	N/A	i
7/13/2016	BMO Capital Markets	Reiterated Rating	Market Perform	$23.50	N/A	i
7/7/2016	Morgan Stanley	Initiated Coverage	Equal ➝ Equal Weight	$23.00	N/A	i
6/17/2016	Credit Suisse Group	Reiterated Rating	Neutral	$21.50	N/A	i
6/8/2016	Wells Fargo & Company	Reiterated Rating	Hold		N/A	i

(Data available from 5/16/2016 forward)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of 3,268 in-market locations and 16 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Today's Range

Now: $53.90

$53.18

$54.06

50 Day Range

MA: $51.50

$49.22

$54.18

52 Week Range

Now: $53.90

$38.05

$54.32

Volume

2,205,044 shs

Average Volume

3,433,074 shs

Market Capitalization

$30.96 billion

P/E Ratio

36.92

Dividend Yield

2.10%

Beta

1.21

Frequently Asked Questions

What sell-side analysts currently cover shares of Fastenal?

The following sell-side analysts have issued research reports on Fastenal in the last twelve months: Argus, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, Raymond James, Robert W. Baird, Stephens, UBS Group AG, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for FAST.

What is the current price target for Fastenal?

8 Wall Street analysts have set twelve-month price targets for Fastenal in the last year. Their average twelve-month price target is $47.88, suggesting a possible downside of 11.2%. Morgan Stanley has the highest price target set, predicting FAST will reach $53.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $34.00 for Fastenal in the next year.
View the latest price targets for FAST.

What is the current consensus analyst rating for Fastenal?

Fastenal currently has 1 sell rating, 6 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in FAST, but not buy more shares or sell existing shares.
View the latest ratings for FAST.

What other companies compete with Fastenal?

Other companies that are similar to Fastenal include United Rentals, W.W. Grainger, Watsco, WESCO International, MSC Industrial Direct, Air Lease, Beacon Roofing Supply, Applied Industrial Technologies, GATX, Rush Enterprises, Kaman, Textainer Group, H&E Equipment Services, MRC Global and DXP Enterprises.

How do I contact Fastenal's investor relations team?

Fastenal's physical mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The company's listed phone number is 507-454-5374 and its investor relations email address is [email protected] The official website for Fastenal is www.fastenal.com.

Gain the Knowledge You Need to Successfully Trade Futures Markets

From RJO Futures

Our Technical Analysis Guide will give you the insight into today’s fast-moving markets. It’s designed to give you a head start in learning the basics of various TA tools and techniques.