Fastenal Company: An Attractive Company But The Valuation Is Premium; Hold [Seeking Alpha]
Fastenal Company (FAST)
Last fastenal company earnings: 4/14 06:50 am
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US:NASDAQ Investor Relations:
investor.fastenal.com
Company Research
Source: Seeking Alpha
The company has a diverse product range and revenue streams, which helps mitigate risk. Fastenal has shown strong performance in its most recent quarter, with growth in net sales, gross profit, and operating income. Investment Thesis Fastenal Company ( NASDAQ: FAST ) stock has soared more than 152% over the last five beating the S&P 500 by a margin of about 66%. Following this solid upward trajectory, this stock is currently trading at a premium something which rules it out as a good value investment. However, the company has a bright future courtesy of its robust business model and cost-control measures which I believe will keep fueling growth. From a dividend standpoint, FAST is a good dividend choice based on its growth history and consistency. Lastly, from a technical point of view, this stock has been on a solid upward trajectory which is about to reverse. Given this background, I believe this stock is a hold for value investors as we wait for a trend reversal or a pullb
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FAST
News
- Understanding Fastenal (FAST) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Fastenal Company (FAST) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Fastenal Company (NASDAQ:FAST) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Fastenal (NASDAQ: FAST) had its price target lowered by analysts at Loop Capital from $71.00 to $66.00. They now have a "hold" rating on the stock.MarketBeat
- Fastenal (NASDAQ: FAST) had its price target raised by analysts at HSBC Holdings plc from $59.00 to $64.00. They now have a "hold" rating on the stock.MarketBeat
FAST
Earnings
- 4/11/24 - Miss
FAST
Sec Filings
- 4/18/24 - Form 4
- 4/16/24 - Form 10-Q
- 4/11/24 - Form 8-K
- FAST's page on the SEC website