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Fastenal

$51.05

-3.37 (-6.19%)

08:10
04/12/18
04/12
08:10
04/12/18
08:10

Fastenal pullback offers buying opportunity, says Argus

Argus analyst John Eade says yesterday's earnings-driven decline in Fastenal stock price offers investors a buying opportunity. Eade notes that shares have been volatile amid expectations of higher government spending, but the company can be susceptible to cash flow generation variability from quarter to quarter. The analyst keeps his Buy rating and $62 price target on Fastenal, noting signs of improvement in the energy secto as well as the benefits from lower tax rates.

  • 24

    Apr

  • 10

    May

  • 12

    Jun

FAST Fastenal
$51.05

-3.37 (-6.19%)

03/18/18
GSCO
03/18/18
INITIATION
GSCO
Sell
Fastenal initiated with a Sell at Goldman Sachs
03/19/18
GSCO
03/19/18
INITIATION
Target $49
GSCO
Sell
Fastenal initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Evelyn Chow started Fastenal with a Sell rating and $49 price target. The analyst expects the company' gross margins to decline the most in her Industrial Distributors coverage from 2017-2019. She sees limited upside potential given the potential for downward estimate revisions. Chow started the Industrial Distributors sector with a neutral stance.
03/19/18
03/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pieris Pharmaceuticals (PIRS) initiated with an Outperform at Evercore ISI and a Buy at Jefferies. 2. ConvergeOne (CVON) initiated with an Outperform at William Blair. 3. II-VI (IIVI) initiated with a Buy at Deutsche Bank. 4. Fitbit (FIT) initiated with a Buy at Craig-Hallum. 5. Fastenal (FAST) initiated with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
WELS
04/12/18
NO CHANGE
Target $49
WELS
Market Perform
Fastenal price target lowered to $49 from $56 at Wells Fargo
Wells Fargo analyst Allison Poliniak-Cusic lowered her price target for Fastenal to $49 from $56 following quarterly results. The analyst reiterates a Market Perform rating on the shares.

TODAY'S FREE FLY STORIES

BBY

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ODP

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KSS

Kohl's

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CME

CME Group

$195.61

0.07 (0.04%)

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CME Group initiated  »

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BA

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SFL

Ship Finance

$12.08

-0.13 (-1.06%)

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R

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FDX

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TVTY

Tivity Health

$36.76

0.2 (0.55%)

, UNH

UnitedHealth

$266.04

-5.21 (-1.92%)

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Tivity Health, UnitedHealth analyst commentary  »

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TVTY

Tivity Health

$36.76

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UNH

UnitedHealth

$266.04

-5.21 (-1.92%)

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MDGS

Medigus

$2.95

-0.09 (-2.96%)

06:57
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Hot Stocks
Breaking Hot Stocks news story on Medigus »

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MU

Micron

$36.82

-2.63 (-6.67%)

06:57
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Downgrade
Micron rating change  »

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FDX

FedEx

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, R

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R

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  • 13

    Dec

KKR

KKR

$21.08

-0.75 (-3.44%)

06:56
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Periodicals
KKR expands presence in Asia infrastructure sector with new hires, Reuters says »

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CBM

Cambrex

$47.67

0.41 (0.87%)

06:55
11/20/18
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Conference/Events
Cambrex to host conference call »

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SNR

New Senior Investment

$5.33

0.1 (1.91%)

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Hot Stocks
New Senior Investment to internalize the company's management function »

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URBN

Urban Outfitters

$35.61

-1.45 (-3.91%)

06:54
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TWTR

Twitter

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-1.72 (-5.10%)

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Twitter CEO Jack Dorsey accused of hate mongering in India, Reuters reports »

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  • 28

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CMPGY

Compass Group

$0.00

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Conference/Events
Compass Group management to meet with Morgan Stanley »

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NVTA

Invitae

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Invitae initiated  »

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RNSDF

Renault

$0.00

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, NSANY

Nissan

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06:50
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General news
Treasury Market Outlook: »

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MDT

Medtronic

$90.40

-3.28 (-3.50%)

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Medtronic CEO says 'we are executing on multiple fronts' »

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JDWPY

JD Wetherspoon

$0.00

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JD Wetherspoon initiated  »

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MATX

Matson

$40.86

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Downgrade
Matson rating change  »

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  • 11

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JEC

Jacobs Engineering

$72.96

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06:47
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Earnings
Jacobs Engineering reports Q4 adj. EPS $1.31, consensus $1.24 »

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MDT

Medtronic

$90.40

-3.28 (-3.50%)

06:47
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Earnings
Medtronic backs FY19 adjusted EPS view $5.10-$5.15, consensus $5.12 »

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