Fastenal Co. (Symbol: FAST) has recently traded above the average analyst 12-month target price of $57.33, currently priced at $57.71 per share. This movement raises questions about potential analyst reactions, which could include downgrading the stock or adjusting the target price higher based on the company’s performance.
There are six analysts contributing to Fastenal’s target price, with estimates ranging from $51.00 to $65.00. The standard deviation among these targets is $5.50. Currently, Fastenal has one strong buy rating, seven hold ratings, and two strong sell ratings, resulting in an average rating of 3.13 on a scale where 1 is a strong buy and 5 is a strong sell.
