Fastenal Company (FAST) Stock Forecast, Price Target & Predictions
FAST Stock Forecast
Fastenal Company stock forecast is as follows: an average price target of $69.40 (represents a -14.94% downside from FAST’s last price of $81.59) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.
FAST Price Target
The average price target for Fastenal Company (FAST) is $69.40 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $86.00 to $50.00. This represents a potential -14.94% downside from FAST's last price of $81.59.
FAST Analyst Ratings
According to 11 Wall Street analysts, Fastenal Company's rating consensus is 'Hold'. The analyst rating breakdown for FAST stock is 0 'Strong Buy' (0.00%), 2 'Buy' (18.18%), 9 'Hold' (81.82%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Fastenal Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 14, 2024 | Christopher Snyder | Morgan Stanley | $76.00 | $77.16 | -1.50% | -6.85% |
| Oct 14, 2024 | Chris Dankert | Loop Capital Markets | $72.00 | $76.82 | -6.27% | -11.75% |
| Oct 14, 2024 | Brian Butler | Stifel Nicolaus | $86.00 | $76.82 | 11.95% | 5.41% |
| Oct 14, 2024 | David Manthey | Robert W. Baird | $80.00 | $76.82 | 4.14% | -1.95% |
| Oct 14, 2024 | Tommy Moll | Stephens | $75.00 | $76.82 | -2.37% | -8.08% |
| Oct 10, 2024 | Tommy Moll | Stephens | $56.00 | $70.55 | -20.62% | -31.36% |
| Sep 06, 2024 | Christopher Snyder | Morgan Stanley | $72.00 | $65.18 | 10.46% | -11.75% |
| Jun 06, 2024 | Stephen Volkmann | Jefferies | $74.00 | $63.88 | 15.84% | -9.30% |
| May 29, 2024 | David Manthey | Robert W. Baird | $67.00 | $64.76 | 3.46% | -17.88% |
| Apr 15, 2024 | Chris Dankert | Loop Capital Markets | $66.00 | $70.45 | -6.32% | -19.11% |
The latest Fastenal Company stock forecast, released on Oct 14, 2024 by Christopher Snyder from Morgan Stanley, set a price target of $76.00, which represents a -1.50% decrease from the stock price at the time of the forecast ($77.16), and a -6.85% decrease from FAST last price ($81.59).
Fastenal Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 14 |
| Avg Price Target | - | $73.86 | $70.00 |
| Last Closing Price | $81.59 | $81.59 | $81.59 |
| Upside/Downside | -100.00% | -9.47% | -14.21% |
In the current month, the average price target of Fastenal Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Fastenal Company's last price of $81.59. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 14, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 14, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Oct 10, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 10, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Oct 10, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 10, 2024 | Morgan Stanley | Positive | Equal-Weight | Initialise |
| Oct 07, 2024 | Stephens | Buy | Buy | Hold |
| Sep 06, 2024 | Stephens | Buy | Buy | Hold |
| Sep 06, 2024 | Morgan Stanley | Equal-Weight | Positive | Initialise |
Fastenal Company's last stock rating was published by Morgan Stanley on Oct 14, 2024. The company gave FAST a "Equal-Weight" rating, the same as its previous rate.
Fastenal Company Financial Forecast
Fastenal Company Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.76B | - | $1.88B | $1.86B | $1.70B | $1.80B | $1.78B | $1.70B | $1.53B | $1.55B | $1.51B | $1.42B | $1.36B | $1.41B | $1.51B | $1.37B | $1.28B | $1.38B |
| Avg Forecast | $2.13B | $2.23B | $2.22B | $2.12B | $2.01B | $2.09B | $2.07B | $1.98B | $1.85B | $1.90B | $1.91B | $1.91B | $1.75B | $1.85B | $1.89B | $1.86B | $1.68B | $1.79B | $1.79B | $1.69B | $1.51B | $1.54B | $1.51B | $1.42B | $1.34B | $1.42B | $1.49B | $1.36B | $1.29B | $1.37B |
| High Forecast | $2.16B | $2.26B | $2.25B | $2.15B | $2.04B | $2.12B | $2.10B | $1.99B | $1.86B | $1.91B | $1.91B | $1.91B | $1.76B | $1.87B | $1.92B | $1.89B | $1.71B | $1.83B | $1.82B | $1.73B | $1.54B | $1.57B | $1.54B | $1.45B | $1.37B | $1.44B | $1.52B | $1.38B | $1.31B | $1.40B |
| Low Forecast | $2.11B | $2.20B | $2.19B | $2.10B | $1.99B | $2.06B | $2.05B | $1.96B | $1.84B | $1.89B | $1.91B | $1.91B | $1.74B | $1.83B | $1.87B | $1.84B | $1.66B | $1.77B | $1.76B | $1.67B | $1.49B | $1.52B | $1.48B | $1.40B | $1.33B | $1.40B | $1.47B | $1.34B | $1.27B | $1.35B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 | 8 | 11 | 7 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | 1.00% | 1.00% | 1.01% | 1.01% | 1.00% | 1.01% | 1.01% | 1.01% | 1.00% | 1.00% | 1.01% | 1.00% | 1.01% | 1.01% | 0.99% | 1.01% |
Fastenal Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.91B, with a low forecast of $1.91B, and a high forecast of $1.91B. FAST's average Quarter revenue forecast represents a 8.85% increase compared to the company's last Quarter revenue of $1.76B (Dec 23).
Fastenal Company EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 | 8 | 11 | 7 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $397.10M | - | $440.40M | $438.10M | $378.00M | $423.50M | $427.40M | $402.00M | $344.50M | $361.30M | $360.10M | $322.30M | $306.70M | $331.30M | $356.80M | $310.00M | $276.90M | $319.30M |
| Avg Forecast | $492.14M | $514.10M | $511.83M | $489.45M | $464.15M | $482.08M | $478.36M | $456.86M | $426.91M | $439.18M | $441.83M | $464.80M | $404.29M | $426.18M | $435.77M | $422.55M | $359.01M | $413.32M | $411.93M | $384.13M | $348.37M | $355.63M | $347.38M | $322.30M | $310.17M | $326.66M | $343.45M | $300.88M | $297.40M | $316.45M |
| High Forecast | $499.50M | $521.79M | $519.49M | $496.78M | $471.10M | $489.29M | $485.52M | $459.18M | $429.22M | $441.23M | $441.83M | $557.76M | $406.60M | $432.56M | $442.29M | $507.06M | $430.81M | $421.36M | $419.94M | $460.96M | $355.14M | $362.55M | $354.14M | $386.76M | $316.20M | $333.01M | $350.13M | $361.06M | $303.18M | $322.60M |
| Low Forecast | $486.40M | $508.10M | $505.86M | $483.75M | $458.74M | $476.46M | $472.78M | $451.53M | $424.60M | $437.13M | $441.83M | $371.84M | $401.98M | $421.21M | $430.68M | $338.04M | $287.20M | $407.50M | $406.12M | $307.31M | $343.46M | $350.62M | $342.49M | $257.84M | $305.80M | $322.05M | $338.61M | $240.71M | $293.21M | $311.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 1.01% | 1.04% | 1.05% | 1.02% | 1.04% | 1.05% | 0.99% | 1.02% | 1.04% | 1.00% | 0.99% | 1.01% | 1.04% | 1.03% | 0.93% | 1.01% |
4 analysts predict FAST's average Quarter EBITDA for Mar 24 to be $464.80M, with a high of $557.76M and a low of $371.84M. This is 17.05% upper than Fastenal Company's previous annual EBITDA (Dec 23) of $397.10M.
Fastenal Company Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 | 8 | 11 | 7 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $266.40M | - | $298.00M | $295.10M | $245.60M | $284.60M | $287.10M | $269.60M | $231.20M | $243.50M | $239.70M | $210.60M | $196.10M | $221.50M | $238.90M | $202.60M | $178.70M | $213.50M |
| Avg Forecast | $321.54M | $348.34M | $344.51M | $323.45M | $302.70M | $324.01M | $320.57M | $303.62M | $276.08M | $294.63M | $292.36M | $311.72M | $259.14M | $288.20M | $302.35M | $283.38M | $240.93M | $278.31M | $286.66M | $257.62M | $217.05M | $239.08M | $236.29M | $210.60M | $190.65M | $214.37M | $209.61M | $196.64M | $180.21M | $203.52M |
| High Forecast | $327.80M | $355.12M | $351.21M | $329.75M | $308.59M | $330.32M | $326.80M | $309.35M | $287.59M | $296.03M | $292.41M | $374.06M | $264.90M | $293.81M | $308.23M | $340.06M | $289.12M | $285.35M | $293.91M | $309.14M | $222.54M | $245.13M | $242.27M | $252.72M | $195.47M | $219.79M | $214.91M | $235.97M | $184.77M | $208.66M |
| Low Forecast | $316.67M | $343.06M | $339.29M | $318.55M | $298.11M | $319.10M | $315.71M | $292.16M | $270.33M | $293.24M | $292.31M | $249.37M | $255.21M | $283.83M | $297.77M | $226.70M | $192.75M | $273.22M | $281.42M | $206.09M | $213.07M | $234.70M | $231.96M | $168.48M | $187.16M | $210.44M | $205.77M | $157.31M | $176.91M | $199.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | - | 0.99% | 1.04% | 1.02% | 1.02% | 1.00% | 1.05% | 1.07% | 1.02% | 1.01% | 1.00% | 1.03% | 1.03% | 1.14% | 1.03% | 0.99% | 1.05% |
Fastenal Company's average Quarter net income forecast for Mar 24 is $311.72M, with a range of $249.37M to $374.06M. FAST's average Quarter net income forecast represents a 17.01% increase compared to the company's last Quarter net income of $266.40M (Dec 23).
Fastenal Company SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 | 8 | 11 | 7 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $445.50M | - | $462.60M | $456.80M | - | $447.30M | $444.20M | $435.30M | $412.00M | $401.80M | $382.90M | $363.10M | $354.70M | $351.50M | $355.30M | $365.90M | $359.90M | $369.20M |
| Avg Forecast | $539.20M | $563.26M | $560.77M | $536.26M | $508.54M | $528.18M | $524.10M | $500.55M | $467.73M | $481.17M | $484.08M | $503.30M | $442.94M | $466.93M | $477.44M | $457.55M | $429.35M | $452.96M | $451.43M | $415.95M | $381.78M | $389.74M | $380.70M | $363.10M | $339.91M | $357.98M | $376.39M | $355.14M | $325.92M | $346.79M |
| High Forecast | $547.27M | $571.69M | $569.16M | $544.28M | $516.15M | $536.08M | $531.95M | $503.09M | $470.26M | $483.42M | $484.08M | $603.96M | $445.48M | $473.92M | $484.58M | $549.06M | $515.22M | $461.77M | $460.21M | $499.14M | $389.20M | $397.32M | $388.10M | $435.72M | $346.53M | $364.94M | $383.71M | $426.17M | $332.25M | $353.54M |
| Low Forecast | $532.91M | $556.69M | $554.23M | $530.00M | $502.61M | $522.02M | $517.99M | $494.71M | $465.20M | $478.92M | $484.08M | $402.64M | $440.41M | $461.49M | $471.87M | $366.04M | $343.48M | $446.57M | $445.07M | $332.76M | $376.40M | $384.25M | $375.33M | $290.48M | $335.12M | $352.94M | $371.08M | $284.11M | $321.32M | $341.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 0.97% | 1.00% | - | 0.99% | 0.98% | 1.05% | 1.08% | 1.03% | 1.01% | 1.00% | 1.04% | 0.98% | 0.94% | 1.03% | 1.10% | 1.06% |
Fastenal Company's average Quarter SG&A projection for Mar 24 is $503.30M, based on 4 Wall Street analysts, with a range of $402.64M to $603.96M. The forecast indicates a 12.97% rise compared to FAST last annual SG&A of $445.50M (Dec 23).
Fastenal Company EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 | 8 | 11 | 7 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.47 | - | $0.52 | $0.52 | $0.43 | $0.50 | $0.50 | $0.47 | $0.40 | $0.42 | $0.42 | $0.37 | $0.34 | $0.39 | $0.42 | $0.35 | $0.31 | $0.37 |
| Avg Forecast | $0.56 | $0.61 | $0.60 | $0.56 | $0.53 | $0.56 | $0.56 | $0.53 | $0.48 | $0.51 | $0.51 | $0.53 | $0.45 | $0.50 | $0.53 | $0.51 | $0.42 | $0.48 | $0.50 | $0.45 | $0.38 | $0.42 | $0.41 | $0.37 | $0.33 | $0.37 | $0.37 | $0.34 | $0.31 | $0.35 |
| High Forecast | $0.57 | $0.62 | $0.61 | $0.57 | $0.54 | $0.58 | $0.57 | $0.54 | $0.50 | $0.52 | $0.51 | $0.53 | $0.46 | $0.51 | $0.54 | $0.51 | $0.43 | $0.50 | $0.51 | $0.46 | $0.39 | $0.43 | $0.42 | $0.38 | $0.34 | $0.38 | $0.37 | $0.35 | $0.32 | $0.36 |
| Low Forecast | $0.55 | $0.60 | $0.59 | $0.55 | $0.52 | $0.56 | $0.55 | $0.51 | $0.47 | $0.51 | $0.51 | $0.53 | $0.44 | $0.49 | $0.52 | $0.50 | $0.42 | $0.48 | $0.49 | $0.44 | $0.37 | $0.41 | $0.40 | $0.36 | $0.33 | $0.37 | $0.36 | $0.34 | $0.31 | $0.35 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | 0.99% | 1.03% | 1.02% | 1.03% | 1.00% | 1.05% | 1.06% | 1.01% | 1.02% | 1.01% | 1.02% | 1.04% | 1.15% | 1.02% | 0.99% | 1.04% |
According to 4 Wall Street analysts, Fastenal Company's projected average Quarter EPS for Mar 24 is $0.53, with a low estimate of $0.53 and a high estimate of $0.53. This represents a 12.81% increase compared to FAST previous annual EPS of $0.47 (Dec 23).
Fastenal Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MSM | MSC Industrial Direct | $80.63 | $105.71 | 31.11% | Buy |
| CNM | Core & Main | $44.92 | $50.00 | 11.31% | Buy |
| SITE | SiteOne Landscape Supply | $138.47 | $153.75 | 11.03% | Hold |
| FERG | Ferguson | $201.87 | $214.75 | 6.38% | Buy |
| POOL | Pool | $362.71 | $374.83 | 3.34% | Buy |
| AIT | Applied Industrial | $266.27 | $241.00 | -9.49% | Buy |
| FAST | Fastenal Company | $81.59 | $69.40 | -14.94% | Hold |
| WSO | Watsco | $533.14 | $382.25 | -28.30% | Hold |
| GWW | W.W. Grainger | $1.17K | $806.89 | -31.16% | Buy |