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Is this Large Market Cap Stock target price reasonable for Fastenal Company (NASDAQ:FAST)?

The company in question is, Fastenal Company (NASDAQ:FAST) currently with a stock price of 41.71 (-0.31% today). The market cap for Fastenal Company is 12030.26, and is in the sector Services, and Industrial Equipment Wholesale industry. The target price for Fastenal Company is 44.25. Currently Fastenal Company is trading with a P/E of 23.95, and a forward P/E of 22.49. Average volume for Fastenal Company is 2749.64 and so far today it is 1416331.

Performance in the last year for Fastenal Company has been 5.91%. For EPS growth, Fastenal Company has seen a growth of 6.40%, and is looking to grow in the next year to 6.53%. More long term stats show that EPS growth has been 14.50% over the last five years and could be 10.08% for the next five years. Fastenal Company has seen sales growth quarter over quarter at 1.70%, with EPS growth quarter over quarter at -5.40%. The 20-day simple moving average is -6.72%, with the 200-day simple moving average coming to -2.28%.

Since the IPO date for Fastenal Company on the 3/26/1990, Fastenal Company has seen performance year to date to be 4.00%. With Fastenal Company trading at 41.71, the dividend yield is 2.87%, and the EPS is 1.75.

So could Fastenal Company, be undervalued? Well as said before P/E is 23.95. The PEG is 2.38, P/S is 3.07 and the P/B is at 6.47. The P/cash is 77.36, with P/free cash flow at 284.4.

Fastenal Company ability to deal with debt shows that the current ratio is 4.4, and the quick ratio is 2. This is with long term debt/equity at 0.19, and total debt/equity at 0.23.

In terms of margins, Fastenal Company has a gross margin of 49.90%, an operating margin of 20.70% and a profit margin of 12.90%.Payout ratio for Fastenal Company is 49.20%. Return on assets come to 19.50% with return on investment coming to 24.00%.

Insider ownership for Fastenal Company, is at 0.20% and institutional ownership comes to 90.10%. Outstanding shares are at 287.53. While shares float is 287.26. The float short is currently 11.63%, and short ratio is 12.15.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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