Key Takeaways:
- Fastenal (FAST, Financial) announces a two-for-one stock split, effective May 21, 2025, with split-adjusted trading beginning May 22, 2025.
- Analysts' price target suggests an average downside risk of 8.17% from the current stock price.
- GuruFocus estimates indicate a fair value downside of 11.85% from the latest trading price.
Fastenal Co. (FAST) recently announced an upcoming two-for-one stock split for its common shares, set to take effect on May 21, 2025. Shareholders who are on record by May 5, 2025, will receive an additional share for each share they own. Post-split, Fastenal will begin trading on a split-adjusted basis starting on May 22, 2025. This announcement led to a 1.20% rise in the stock during extended trading hours.
Wall Street Analysts' Forecast
According to 12 Wall Street analysts, the average price target for Fastenal Co. (FAST, Financial) over the next year is $73.68, with projections ranging between a high of $86.00 and a low of $37.00. This presents a potential downside of 8.17% from the current trading price of $80.23. Investors can access more comprehensive estimate data on the Fastenal Co (FAST) Forecast page.
From the perspective of 16 brokerage firms, Fastenal Co. (FAST, Financial) currently holds an average brokerage recommendation of 2.8, placing it in the "Hold" category. This rating is based on a scale from 1 (Strong Buy) to 5 (Sell), reflecting a conservative outlook among analysts.
GuruFocus provides a GF Value estimate for Fastenal Co. (FAST, Financial) in one year at $70.72, highlighting a potential downside of 11.85% from the present price of $80.23. The GF Value represents GuruFocus's estimation of the stock's intrinsic value derived from historical trading multiples, past growth, and future business performance forecasts. For more detailed analysis, visit the Fastenal Co (FAST) Summary page.
