WPX Energy (WPX) Analysts See $-0.16 EPS; 7 Analysts Covering Fastenal Company

Baird Upgrades Rating On Fastenal Company (FAST) To “Outperform”

Baird Upgrades Rating On Fastenal Company (FAST) To “Outperform”

Fastenal Company (NASDAQ:FAST) yearly performance is -2.44% and net profit margin is 12.60%. The consensus recommendation for stock is 2.50. Krilogy Financial LLC's holdings in Fastenal Company were worth $163,000 as of its most recent filing with the SEC.

A number of research analysts have commented on the stock. Ironwood Investment Management LLC raised its position in shares of Fastenal Company by 1.2% in the first quarter. They are projecting Next Quarter growth of 9.1%. Suntrust Banks Inc. increased its position in shares of Fastenal Company by 0.8% in the first quarter. FNY Managed Accounts LLC acquired a new stake in shares of Fastenal Company during the first quarter valued at about $133,000. $48.08's average target is 12.55% above currents $42.72 stock price. The Stonebridge Capital Management Inc holds 39,520 shares with $1.86M value, up from 13,805 last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Fastenal Company during the fourth quarter valued at about $169,000. Moreover, Hodges Capital Management Inc. has 2.42% invested in the company for 6.32 million shares.

Shares of Fastenal Company (NASDAQ FAST) traded up 1.05% during trading on Thursday, hitting $43.17. The stock had a trading volume of 10,172,537 shares. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 24.67 and a beta of 0.99. The company has a 50-day moving average of $43.41 and a 200-day moving average of $47.58. Lewis Holden also bought $43,760 worth of Fastenal Company (NASDAQ:FAST) on Thursday, May 25.

Net earnings for the three months to end June were US$148.9mln, up 13.2% compared to the second quarter of 2016. Presently, it has a Return on Equity (ROE) of 26.40% and Return on Investment (ROI) of 21.80%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.46 EPS. Fastenal Company's revenue for the quarter was up 10.6% on a year-over-year basis.

While looking at the Stock's Performance, Fastenal Company now shows a Weekly Performance of -1.04%, where Monthly Performance is 0.16%, Quarterly performance is -13.56%, 6 Months performance is -5.59% and yearly performance percentage is -3.9%.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stonebridge Mgmt invested in 0.78% or 39,520 shares.

On 12 July 2017, NXP Semiconductors N.V. (NASDAQ:NXPI) stock price started the day at $109.20 and moved between $109.06 - 109.37 to finally close at $109.17. Fastenal Company P/E (price to earnings) ratio is 24.71 and Forward P/E ratio of 21.23. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of USA and global copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/13/fastenal-company-fast-upgraded-to-outperform-by-robert-w-baird.html.

Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research? Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Wednesday, October 14. BMO Capital Markets reaffirmed a "hold" rating and set a $50.00 target price on shares of Fastenal Company in a research report on Wednesday, April 12th. The stock appeared $52.74 above its 52-week highs and is down -3.28% for the last five trades. The stock of Fastenal Company (NASDAQ:FAST) has "Neutral" rating given on Friday, June 17 by Credit Suisse.

On June 2 the stock rating was upgraded to "Neutral" from " with a current price target of $46.00 in a report issued by Longbow Research. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Zacks Investment Research downgraded shares of Fastenal Company from a buy rating to a hold rating in a research report on Wednesday, June 14th. The shares were purchased at an average price of $44.75 per share, for a total transaction of $223,750.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $43,760. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

In other news, Director Darren R. Jackson purchased 5,000 shares of the company's stock in a transaction dated Friday, April 28th. The shares were purchased at an average cost of $43.76 per share, for a total transaction of $43,760.00.

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