Morgan Stanley lowered the price target for the Fastenal Company (NASDAQ:FAST) stock from “an Equal-weight” to “an Underweight”. The rating was released on June 15, 2021. The research report from Stephens has resumed the stock to Overweight, with a price target set at $55. The stock was initiated by UBS, who disclosed in a research note on September 16, 2020, to Neutral and set the price objective to $44.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.37 during the last quarter as opposed to a consensus estimate of $0.36, which indicates the company beat its estimate by $0.01, which implies that the company surprised the market by 2.80%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.41. This is an average of 13 analysts’ earnings, where the high earnings per share estimate is $0.42 and the low earnings per share estimate is $0.4. According to 12 analyst estimates, an average revenue estimate of $1.51B is projected for the current quarter with a high revenue estimate of $1.52B and a low estimate of $1.5B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Fastenal Company (NASDAQ:FAST) raised 0.33% to close Monday’s market session at $54.02, higher as compared to yesterday’s close. The stock price fluctuated between $53.69 and $54.76 throughout the trading session with the volume trading being 6835452 shares, which represented a significant variation when compared to the three months average volume of 3.03 million shares. The firm’s stock price fluctuated 2.70% within the last five trades and 2.54% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 6.44% in the last 6 months and 6.53% was added to its value over the previous 3 months. FAST stock is trading at a margin of 3.89%, 2.85% and 10.49% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FAST deals in the Industrials domain. The stock is trading -0.55 percent below its 52-week high and 28.52 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 22.96. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Fastenal Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 20.20 percent and the profit margin is 15.20 percent, and the company has reported a gross margin of 45.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $30.54 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Fastenal Company (NASDAQ:FAST) is 35.87. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 31.57. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.36 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.14, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Fastenal Company shares are owned by insiders, and 79.30 percent are held by financial institutions. Watts Jeffery Michael, the Executive Vice-President at Fastenal Company (FAST) has sold 31,000 shares of firm on Mar 15 at a price of $48.20 against the total amount of $1.49 million. In another inside trade, Eastman Stephen L., Director of Fastenal Company (NASDAQ:FAST) bought 1,000 shares of the firm on Mar 05 for a total worth of $44630.0 at a price of $44.63. An inside trade which took place on Mar 05, Director of Fastenal Company Ancius Michael J bought 560 shares of firm against total price of $24724.0 at the cost of $44.15 per share.