Fastenal Company (FAST) Gets a Sell Rating from Raymond James

Raymond James analyst Sam Darkatsh maintained a Sell rating on Fastenal Company (FASTResearch Report) yesterday. The company’s shares closed last Monday at $48.47, close to its 52-week high of $51.89.

According to TipRanks.com, Darkatsh is a 4-star analyst with an average return of 5.3% and a 54.4% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Genuine Parts Company, and Wesco International.

The word on The Street in general, suggests a Hold analyst consensus rating for Fastenal Company with a $49.50 average price target.

See today’s analyst top recommended stocks >>

Fastenal Company’s market cap is currently $27.84B and has a P/E ratio of 31.10. The company has a Price to Book ratio of 9.74.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FAST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.