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 7.18% below the present share price of $53.87.
McGinn expects Fastenal Company to post earnings per share (EPS) of $0.42 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Fastenal Company, with an average price target of $54.67.
The analysts price targets range from a high of $65 to a low of $50.
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 $30.96 billion.
According to TipRanks.com, Wells Fargo analyst Michael McGinn is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 56.00% 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.