Robert W. Baird analyst David Manthey maintained a Buy rating on Fastenal Company (NASDAQ:FAST) on Thursday, setting a price target of $50, which is approximately 10.67% above the present share price of $45.18.
Manthey expects Fastenal Company to post earnings per share (EPS) of $0.34 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Fastenal Company, with an average price target of $49.25.
The analysts price targets range from a high of $51 to a low of $47.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.36 billion and a net profit of $264.1 million. The company's market cap is $25.95 billion.
According to TipRanks.com, Robert W. Baird analyst David Manthey is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.2% and a 69.93% success rate.
Fastenal Co . engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.