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Where Does Wall Street Think Fastenal Co (FAST) Stock Will Go?

Friday, September 29, 2023 03:49 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Fastenal Co (FAST) Stock Will Go?

Analysts who follow Fastenal Co (FAST) on average expect it to add 3.54% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 2.9
Wall Street analysts are rating FAST a Hold today. Find out what this means to you and get the rest of the rankings on FAST!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Fastenal Co Stock Today?

Fastenal Co (FAST) stock is trading at $54.62 as of 3:39 PM on Friday, Sep 29, a loss of -$1.03, or -1.85% from the previous closing price of $55.65. The stock has traded between $54.52 and $55.80 so far today. Volume today is light. So far 1,593,963 shares have traded compared to average volume of 2,546,896 shares. Click Here to get the full Stock Report for Fastenal Co stock.

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