Wells Fargo (NYSE:WFC) analyst Michael McGinn maintained a Hold rating on Fastenal Company (NASDAQ:FAST) on Wednesday, setting a price target of $50, which is approximately 4.94% below the present share price of $52.6.
McGinn expects Fastenal Company to post earnings per share (EPS) of $0.37 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Fastenal Company, with an average price target of $50.25.
The analysts price targets range from a high of $54 to a low of $48.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.42 billion and a net profit of $280.3 million. The company's market cap is $30.14 billion.
According to TipRanks.com, Wells Fargo analyst Michael McGinn is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 4.2% and a 42.11% 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.