Robert W. Baird analyst David Manthey maintained a Buy rating on Fastenal Company (NASDAQ:FAST) on Tuesday, setting a price target of $58, which is approximately 7.65% above the present share price of $53.88.
Manthey expects Fastenal Company to post earnings per share (EPS) of $0.42 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in Fastenal Company, with an average price target of $53.71.
The analysts price targets range from a high of $65 to a low of $48.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.51 billion and a net profit of $317.8 million. The company's market cap is $30.97 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 16.5% and a 74.87% success rate.
Incorporated in 1967, Fastenal Co . is a Minnesota-based company, which is engaged in the wholesale distribution of industrial and construction supplies. It offers fasteners, and related industrial and construction supplies under the Fastenal name.