Loop Capital Markets analyst Chris Dankert reiterated a Hold rating on Fastenal Company (FAST – Research Report) today and set a price target of $71.00. The company’s shares opened today at $74.88.
According to TipRanks, Dankert is a 5-star analyst with an average return of 19.7% and an 86.11% success rate. Dankert covers the Industrials sector, focusing on stocks such as Fastenal Company, Nordson, and MSC Industrial.
Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $72.50, a -3.18% downside from current levels. In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $77.00 price target.
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The company has a one-year high of $75.81 and a one-year low of $48.79. Currently, Fastenal Company has an average volume of 3.94M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FAST in relation to earlier this year. Last month, Jeffery Michael Watts, the CSO of FAST sold 19,420.00 shares for a total of $1,364,129.84.
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Fastenal Company (FAST) Company Description:
Incorporated in 1967, Fastenal Co. is a Minnesota-based company, which is engaged in the wholesale distribution of industrial and construction supplies. It offers fasteners, and related industrial and construction supplies under the Fastenal name.
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