Analysts reviewing Fastenal Company have recently updated their recommended buy/sell ratings and price targets on the stock.

Based on their most recently released notes to investors, 2 analysts have a rating of “buy”, 3 analysts “outperform”, 10 analysts “hold”, 1 analysts “underperform” and 0 analysts “sell”.

Ratings and price target breakdown:

04/19/2017 – Fastenal Company was upgraded to “” by analysts at Credit Suisse. They now have a USD 48 price target on the stock.

04/19/2017 – Fastenal Company was upgraded to “” by analysts at Raymond James. They now have a USD 50 price target on the stock.

04/18/2017 – Fastenal Company was upgraded to “” by analysts at Argus. They now have a USD 54 price target on the stock.

01/19/2017 – Fastenal Company had its “” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 50 price target on the stock.

01/18/2017 – Fastenal Company was downgraded to “” by analysts at CFRA Research. They now have a USD 46 price target on the stock.

01/12/2017 – Fastenal Company was upgraded to “” by analysts at Avondale Partners. They now have a USD 54 price target on the stock.

01/05/2017 – Fastenal Company was upgraded to “” by analysts at KeyBanc. They now have a USD 53 price target on the stock.

12/05/2016 – Fastenal Company was upgraded to “” by analysts at William Blair.

10/12/2016 – Fastenal Company had its “” rating reiterated by analysts at Robert W. Baird. They now have a USD 45 price target on the stock.

10/12/2016 – Fastenal Company had its “” rating reiterated by analysts at BMO Capital Markets. They now have a USD 45 price target on the stock.

08/26/2016 – Macquarie began new coverage on Fastenal Company giving the company a “” rating.

07/07/2016 – Morgan Stanley began new coverage on Fastenal Company giving the company a “” rating. They now have a USD 46 price target on the stock.

04/08/2016 – Fastenal Company had its “” rating reiterated by analysts at Barclays. They now have a USD 38 price target on the stock.

03/22/2016 – Sterne Agee began new coverage on Fastenal Company giving the company a “” rating. They now have a USD 50 price target on the stock.

10/19/2015 – Fastenal Company had its “” rating reiterated by analysts at Susquehanna. They now have a USD 37 price target on the stock.

Fastenal Company has a 50 day moving average of 46.60 and a 200 day moving average of 47.87. The stock’s market capitalization is 12.42B, it has a 52-week low of 37.70 and a 52-week high of 52.74.

The share price of the company (NASDAQ:FAST) was up +1.51%, with a high of 43.16 during the day and the volume of Fastenal Company shares traded was 4327391.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration, production and refinement companies, mining companies, federal, state, and local governmental entities, schools and certain retail trades. Its original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name.