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Fastenal

$57.06

1.21 (2.17%)

15:30
11/15/18
11/15
15:30
11/15/18
15:30

Timely sweep of Fastenal calls

Timely sweep of Fastenal calls. With shares near $56 Thursday morning, Dec 60 calls trade in small lots for 65c per contract. The stock now up $1.17 to $57.13 after an afternoon spike. 3.1K trade at that strike against 1.3K open interest and recent trades have been at 75 and 80c. Jan 60, Nov 52.5, and Nov 55 calls are next most active. Total volume running 2X daily average at 5.6K calls and 360 puts. Bullish flow comes after an 11% MTD rally in shares. Earnings last reported 10/10.

FAST Fastenal
$57.06

1.21 (2.17%)

07/03/18
07/03/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/18
BMOC
07/06/18
NO CHANGE
Target $54
BMOC
Market Perform
Fastenal price target lowered to $54 from $57 at BMO Capital
BMO Capital analyst R. Scott Graham lowered his price target on Fastenal to $54 and kept his Market Perform rating as part of his broader research note previewing Q2 earnings for Industrial Distribution stocks. Graham notes that while he does not see a slowdown in sales or any indications of forthcoming weakness in short cycle for the group, his price target revision is driven by a "reduced relative to peers multiple assumption" because of the company's Q1 pricing trends and lack of leverage.
10/12/18
BMOC
10/12/18
NO CHANGE
Target $56
BMOC
Market Perform
Fastenal mix pressures intensified, says BMO Capital
BMO Capital analyst R. Scott Graham kept his Market Perform rating and $56 price target on Fastenal after its "slight" earnings beat in Q3. The analyst notes the company's weaker than expected gross margins however, adding that while he first believed the pressure came from insufficient pricing adjustments, the management discussions indicated that "price-cost" was neutral. Graham concludes that gross margin is likely to keep declining as sales mix pressures have intensified, while the company has also had to implement "tariff related countermeasures".
10/22/18
BUCK
10/22/18
INITIATION
Target $50
BUCK
Neutral
Fastenal initiated with a Neutral at Buckingham
Buckingham analyst Robert Barry initiated Fastenal with a Neutral and $50 price target saying risk/reward is not compelling. Barry expects gross margin pressure to become more severe in 2019 due to tariff impacts and views valuation as "full."

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PENN

Penn National

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AUTL

Autolus Therapeutics

$26.67

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MDSO

Medidata

$90.30

11.44 (14.51%)

, DASTY

Dassault Systemes

$0.00

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AZRX

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Halliburton

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JBLU

JetBlue

$16.84

-0.13 (-0.77%)

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ACHC

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PACW

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