BofA Securities analyst Sabrina Abrams maintains $Fastenal (FAST.US)$ with a buy rating, and maintains the target price at $85.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Fastenal (FAST.US)$'s main analysts recently are as follows:
Improvements in operations are observed, which may be a result of self-help initiatives. It's perceived that these enhancements are already considered within current projections and the stock's market assessment. Forecasts for earnings per share in fiscal years 2025 and 2026 remain mostly consistent.
Fastenal delivered a robust Q3 performance followed by an optimistic earnings discussion, underscoring its success in capturing more market share. Additionally, an improved sentiment from regional managers indicates a market that is beginning to move beyond election concerns.
The share's value traded higher on inline results, but there is caution against endorsing a continued peak multiple for the shares based on accelerating growth. A more opportunistic stance is being taken due to the positive perspective on the company-specific narrative and cyclical context.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
