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FAST

Fastenal

$44.86

-0.93 (-2.03%)

10:20
10/11/17
10/11
10:20
10/11/17
10:20

Fastenal says on track for 275-300 Onsite signings in 2017

Says sales growth accelerated in Q3. Reports year-to-date sales growth at 10.1% Says investing in infrastructure but has continued to maintain operating expense leverage. Says operating cash flow at $162.6M was a record for any third quarter. Says signed 4,771 vending devices in Q3 and saw a lower rate of device removal. Says company feels good about top-line momentum entering Q4. Repurchased $25.9M in stock in Q3. Continues to expect capital spending at $127M for 2017. Comments taken from Q3 earnings conference call.

  • 11

    Oct

FAST Fastenal
$44.86

-0.93 (-2.03%)

07/25/17
NRCS
07/25/17
INITIATION
Target $54
NRCS
Buy
Fastenal initiated with a Buy at Northcoast
Northcoast analyst Ryan Cieslak initiated Fastenal with a Buy and a $54 price target telling investors he expects near-term earnings to stand out among peers driven by self-help initiatives and outsized operating leverage, and said margins could trend more favorable in the second half and 2018 given easing freight costs, higher margin fastener sales, and incremental spot activity.
07/13/17
07/13/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Snap shares offer a "compelling risk/reward opportunity." 2. Progressive (PGR) upgraded to Strong Buy from Outperform at Raymond James with analyst Gregory Peters saying he believes Progressive will continue to grow net premiums written at a double digit pace through 2017 and is well positioned to benefit from emerging smartphone technology to monitor and price for distracting driving over the next 24 months. 3. Agilent (A) upgraded to Outperform from Market Perform at Wells Fargo. 4. Hain Celestial (HAIN) upgraded to Buy from Hold at Maxim with analyst Anthony Vendetti saying that its fiscal 2018 guidance implies a turnaround in its business while the company's reporting of its prior financials without any major restatements has removed an accounting overhang. 5. Fastenal (FAST) upgraded to Strong Buy from Outperform at Raymond James analyst Sam Darkatsh saying he thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/17
RAJA
07/13/17
UPGRADE
Target $50
RAJA
Strong Buy
Fastenal upgraded to Strong Buy, selloff unwarranted, says Raymond James
As previously reported, Raymond James upgraded Fastenal (FAST) to Strong Buy from Outperform with a $50 price target. Analyst Sam Darkatsh thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. The analyst said Fastenal is showing signs that its business model, sales growth, margin profile, and returns on capital are highly defensible combined with a favorable pricing backdrop. Darkatsh expects topline growth to accelerate and views valuation as compelling.
07/13/17
RAJA
07/13/17
UPGRADE
RAJA
Strong Buy
Fastenal upgraded to Strong Buy from Outperform at Raymond James

TODAY'S FREE FLY STORIES

C

Citi

$77.13

0.67 (0.88%)

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DLR

Digital Realty

$97.72

-1.865 (-1.87%)

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WD

Walker & Dunlop

$50.29

0.13 (0.26%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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OMER

Omeros

$11.37

0.36 (3.27%)

10:14
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COLL

Collegium Pharmaceutical

$25.70

-0.2 (-0.77%)

10:12
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FDA says Collegium made false or misleading claims about Xtampza »

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VECO

Veeco

$18.35

-0.55 (-2.91%)

10:11
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Conference/Events
Veeco management to meet with KeyBanc »

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  • 22

    Feb

CLF

Cleveland-Cliffs

$7.62

-0.12 (-1.55%)

10:10
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Options
Bearish option flow in Cleveland Cliffs »

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10:10
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U.S. existing home sales preview: »

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MTCH

Match Group

$42.10

0.54 (1.30%)

, IAC

IAC

$149.83

0.74 (0.50%)

10:09
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Hot Stocks
Match Group slips after analyst cuts rating on Tinder slowdown »

Shares of Match Group…

MTCH

Match Group

$42.10

0.54 (1.30%)

IAC

IAC

$149.83

0.74 (0.50%)

ANGI

Angi Homeservices

$14.60

0.58 (4.14%)

03/08/13
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  • 26

    Feb

MOS

Mosaic

$27.78

1.0176 (3.80%)

10:05
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Options
Mosaic call volume above normal and directionally bullish »

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ABBV

AbbVie

$120.00

2.02 (1.71%)

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AbbVie analyst commentary  »

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  • 08

    Mar

10:04
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Existing Home Sales data reported »

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RDWR

Radware

$21.09

-0.25 (-1.17%)

10:04
02/21/18
02/21
10:04
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Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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  • 22

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RDWR

Radware

$21.09

-0.25 (-1.17%)

10:01
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Conference/Events
Radware management to meet with Oppenheimer »

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QTWO

Q2 Holdings

$42.85

-1.8 (-4.03%)

10:00
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Q2 Holdings management to meet with Needham »

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General news
U.S. Markit manufacturing PMI rose 0.4 points to 55.9 in the flash February »

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LFUS

Littelfuse

$208.66

0.61 (0.29%)

09:59
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Conference/Events
Littelfuse management to meet with Oppenheimer »

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  • 22

    Feb

NJDCY

Nidec

$37.80

-0.12 (-0.32%)

09:57
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Conference/Events
Nidec management to meet with Oppenheimer »

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  • 23

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HDP

Hortonworks

$18.22

0.03 (0.16%)

09:55
02/21/18
02/21
09:55
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09:55
Conference/Events
Hortonworks management to meet with Northland »

Meeting to be held in…

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  • 22

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PVG

Pretium Resources

$6.56

-0.05 (-0.76%)

09:55
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Options
Pretium Resources put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Mar

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AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

, EXR

Extra Space Storage

$84.86

4.105 (5.08%)

09:55
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Options
Early notable gainers among liquid option names on February 21st »

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AAP

Advance Auto Parts

$115.88

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EXR

Extra Space Storage

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MOS

Mosaic

$27.48

0.72 (2.69%)

CF

CF Industries

$42.80

0.975 (2.33%)

VRSK

Verisk Analytics

$97.04

-1.75 (-1.77%)

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