Fastenal Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Fastenal Company FAST is expected to release financial results for its third quarter, before the opening bell on Oct. 12, 2023.

Analysts expect the company to post quarterly earnings at 50 cents per share, compared to year-ago earnings of 50 cents per share. The company’s revenue might come in at $1.85 billion, compared to $1.80 billion in the year-ago period.

Fastenal shares fell 1.1% to close at $55.85 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Betsy Graseck maintained an Underweight rating and raised the price target from $46 to $50 on July 12, 2023. This analyst has an accuracy rate of 62%.
• Baird analyst David Manthey maintained a Neutral rating and raised the price target from $56 to $57 on April 14, 2023. This analyst has an accuracy rate of 79%.
• Stifel analyst Michael Hoffman initiated coverage on the stock with a Buy rating and a price target of $61 on April 4, 2023. This analyst has an accuracy rate of 82%.
• Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $54 to $53 on Jan. 23, 2023. This analyst has an accuracy rate of 62%.

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