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Fastenal

$51.05

-3.37 (-6.19%)

08:36
04/12/18
04/12
08:36
04/12/18
08:36

Fastenal Q1 results constrained by mix and freight issues, says BMO Capital

BMO Capital analyst R. Scott Graham kept his Market Perform rating and $57 price target on Fastenal but lowered his FY18 EPS view to $2.51 from $2.54 in the wake of the company's Q1 earnings. Graham points to issues with the company's sales mix, freight, and lack of operating leverage weighing on markets. The analyst also notes that the price-cost dynamics in the quarter were negative. While he expects pricing conditions to improve, Graham also anticipates "pedestrian" earnings growth to continue.

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FAST Fastenal
$51.05

-3.37 (-6.19%)

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.
04/12/18
ARGS
04/12/18
NO CHANGE
Target $62
ARGS
Buy
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.

TODAY'S FREE FLY STORIES

FB

Facebook

$159.66

-6.19 (-3.73%)

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    Apr

BOOT

Boot Barn

$19.76

0.305 (1.57%)

20:33
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BA

Boeing

$329.00

-9.52 (-2.81%)

, CMCSA

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$33.33

-0.53 (-1.57%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BA

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$329.00

-9.52 (-2.81%)

CMCSA

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$33.33

-0.53 (-1.57%)

CMCSK

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TMO

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$213.13

-3.17 (-1.47%)

GD

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$222.04

-4.05 (-1.79%)

NOC

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$341.00

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ANTM

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$225.08

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NSC

Norfolk Southern

$134.92

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BSX

Boston Scientific

$28.43

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SIRI

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TWTR

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ROK

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$161.97

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DPS

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$118.87

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STM

STMicroelectronics

$21.30

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HES

Hess Corp.

$57.71

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NDAQ

Nasdaq

$86.27

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VIAB

Viacom

$30.91

-0.14 (-0.45%)

OC

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GT

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$26.86

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New York Community Bancorp

$12.97

0.115 (0.89%)

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FBMS

First Bancshares

$31.90

-0.1 (-0.31%)

20:18
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04/24
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Earnings
First Bancshares reports Q1 adjusted EPS 46c, consensus 48c »

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    Sep

NVS

Novartis

$77.00

-0.595 (-0.77%)

, GILD

Gilead

$72.71

-1.27 (-1.72%)

20:03
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Periodicals
CAR-T blood cancer treatments may be Medicare-eligible, Bloomberg says »

Customized blood cancer…

NVS

Novartis

$77.00

-0.595 (-0.77%)

GILD

Gilead

$72.71

-1.27 (-1.72%)

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LPL

LG Display

$11.19

-0.21 (-1.84%)

19:50
04/24/18
04/24
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Earnings
LG Display reports Q1 Net loss KRW 49B vs. net profit KRW 679B last year »

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LLY

Eli Lilly

$80.09

-0.16 (-0.20%)

, CG

Carlyle Group

$20.65

-0.35 (-1.67%)

19:45
04/24/18
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Periodicals
Eli Lilly animal health business seeing private equity interest, Bloomberg says »

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LLY

Eli Lilly

$80.09

-0.16 (-0.20%)

CG

Carlyle Group

$20.65

-0.35 (-1.67%)

03/08/13
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DOC

Physicians Realty Trust

$14.67

0.185 (1.28%)

19:40
04/24/18
04/24
19:40
04/24/18
19:40
Downgrade
Physicians Realty Trust rating change  »

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LFC

China Life Insurance

19:38
04/24/18
04/24
19:38
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19:38
Upgrade
China Life Insurance rating change  »

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HTA

Healthcare Trust

19:37
04/24/18
04/24
19:37
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19:37
Downgrade
Healthcare Trust rating change  »

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HR

Healthcare Realty Trust

$27.10

0.325 (1.21%)

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Downgrade
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GOOGL

Alphabet Class A

$1,022.98

-50.08 (-4.67%)

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Upgrade
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T

AT&T

$35.00

0.11 (0.32%)

, TWX

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TWX

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SHPG

Shire

$164.05

3.97 (2.48%)

, TKPYY

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19:15
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Hot Stocks
Shire confirms receipt of revised GBP46B stock and cash proposal from Takeda »

The board of Shire (SHPG)…

SHPG

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$164.05

3.97 (2.48%)

TKPYY

Takeda Pharmaceutical

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  • 21

    Dec

CREE

Cree

$39.39

-1 (-2.48%)

, SIX

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$59.17

-1.62 (-2.66%)

19:02
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Cree…

CREE

Cree

$39.39

-1 (-2.48%)

SIX

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$59.17

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TXN

Texas Instruments

$98.33

0.25 (0.25%)

USNA

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$95.93

0.175 (0.18%)

MKSI

MKS Instruments

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-3.35 (-3.15%)

SVU

Supervalu

$14.61

-0.02 (-0.14%)

IRBT

iRobot

$59.10

-0.85 (-1.42%)

DDR

DDR Corp.

$6.68

0.025 (0.38%)

IPHI

Inphi

$31.46

1.1 (3.62%)

HA

Hawaiian Holdings

$39.20

-0.3 (-0.76%)

SHPG

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$164.05

3.97 (2.48%)

KN

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$11.01

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TER

Teradyne

$41.50

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EW

Edwards Lifesciences

$134.63

-2.59 (-1.89%)

DLB

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$65.85

-1.4 (-2.08%)

WYNN

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$189.70

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COF

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$97.41

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SGMO

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$17.85

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MRTX

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$28.25

-0.15 (-0.53%)

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AMX

America Movil, also tag AMOV

$18.62

-0.15 (-0.80%)

, AMOV

America Movil, also tag AMX

$18.50

-0.27 (-1.44%)

19:02
04/24/18
04/24
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19:02
Earnings
America Movil reports Q1 net profit MXN18.1B vs. MXN35.9B last year »

Reports Q1 revenue…

AMX

America Movil, also tag AMOV

$18.62

-0.15 (-0.80%)

AMOV

America Movil, also tag AMX

$18.50

-0.27 (-1.44%)

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AEP

American Electric

$68.89

0.46 (0.67%)

, WMT

Walmart

$86.51

0.41 (0.48%)

18:30
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PSO, OEIC, Walmart reach settlement pact on proposed Wind Catcher project »

Public Service Company of…

AEP

American Electric

$68.89

0.46 (0.67%)

WMT

Walmart

$86.51

0.41 (0.48%)

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AMGN

Amgen

$171.91

-2.75 (-1.57%)

18:05
04/24/18
04/24
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18:05
Hot Stocks
Breaking Hot Stocks news story on Amgen »

Amgen reports Q1 Repatha…

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AMGN

Amgen

$171.91

-2.75 (-1.57%)

18:03
04/24/18
04/24
18:03
04/24/18
18:03
Hot Stocks
Amgen CEO says Q1 performance driven by new, recently launched products »

"Amgen's strong…

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NWE

NorthWestern

$54.36

0.315 (0.58%)

18:03
04/24/18
04/24
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18:03
Earnings
Breaking Earnings news story on NorthWestern »

NorthWestern reports Q1…

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NWE

NorthWestern

$54.36

0.315 (0.58%)

18:01
04/24/18
04/24
18:01
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18:01
Earnings
NorthWestern reports Q1 EPS $1.18, consensus $1.17 »

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FR

First Industrial Realty

$29.62

0.315 (1.07%)

18:00
04/24/18
04/24
18:00
04/24/18
18:00
Earnings
First Industrial Realty reports Q1 FFO 38c, consensus 38c »

Reports Q1 revenue…

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NVT

nVent Electric

, KN

Knowles

$11.01

-0.575 (-4.97%)

17:59
04/24/18
04/24
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04/24/18
17:59
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

nVent Electric (NVT) will…

NVT

nVent Electric

KN

Knowles

$11.01

-0.575 (-4.97%)

DHX

DHI Group

PNR

Pentair

$67.14

-2.13 (-3.07%)

03/08/13
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VICR

Vicor Corporation

$29.25

-0.6 (-2.01%)

17:57
04/24/18
04/24
17:57
04/24/18
17:57
Earnings
Vicor reports Q1 EPS 10c vs.(2c) in same quarter last year »

Vicor reports Q1 net…

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  • 24

    Apr

SMBK

SmartFinancial

17:53
04/24/18
04/24
17:53
04/24/18
17:53
Earnings
SmartFinancial reports Q1 EPS 30c, consensus 34c »

Billy Carroll, President…

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