Fastenal Target price 2024 - Analyst rating & recommendation
Fastenal Classifications & Recommendation:
Fastenal Price Target
| Target Price | $78.82 |
| Price | $74.82 |
| Potential | 5.34% |
| Number of Estimates | 11 |
| 11 Analysts have issued a price target Fastenal 2025 . The average Fastenal target price is $78.82. This is 5.34% higher than the current stock price. The highest price target is $88.00 17.62% , the lowest is $70.00 6.44% . | |
| A rating was issued by 18 analysts: 2 Analysts recommend Fastenal to buy, 11 to hold and 5 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Fastenal stock has an average upside potential 2025 of 5.34% . Most analysts recommend the Fastenal stock at Hold. |
Sales and Margin forecast 2024, 2025 to 2028
14 Analysts have issued a sales forecast Fastenal 2024 . The average Fastenal sales estimate is $7.6b . This is 1.14% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $7.6b 1.46% , the lowest is $7.6b 0.95% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $7.3b | 5.24% |
|---|---|---|
| 2024 | $7.6b | 2.97% |
| 2025 | $8.1b | 7.15% |
| 2026 | $8.7b | 7.58% |
| 2027 | $9.3b | 6.77% |
| 2028 | $9.8b | 4.99% |
13 Analysts have issued an Fastenal EBITDA forecast 2024. The average Fastenal EBITDA estimate is $1.7b . This is 0.57% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $1.7b 1.24% , the lowest is $1.7b 0.02% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.7b | 4.65% |
|---|---|---|
| 2024 | $1.7b | 0.18% |
| 2025 | $1.8b | 7.93% |
| 2026 | $2.0b | 7.64% |
| 2027 | $2.1b | 7.76% |
| 2028 | $2.3b | 5.72% |
EBITDA Margin
| 2023 | 23.22% | 0.57% |
|---|---|---|
| 2024 | 22.51% | 3.06% |
| 2025 | 22.67% | 0.71% |
| 2026 | 22.69% | 0.09% |
| 2027 | 22.90% | 0.93% |
| 2028 | 23.06% | 0.70% |
16 Fastenal Analysts have issued a net profit forecast 2024. The average Fastenal net profit estimate is $1.2b . This is 0.90% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.2b 1.99% , the lowest is $1.2b 0.50% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2023 | $1.2b | 6.88% |
|---|---|---|
| 2024 | $1.2b | 0.40% |
| 2025 | $1.3b | 7.73% |
| 2026 | $1.4b | 8.16% |
| 2027 | $1.5b | 7.49% |
| 2028 | $1.5b | 5.91% |
Net Margin
| 2023 | 15.75% | 1.55% |
|---|---|---|
| 2024 | 15.36% | 2.49% |
| 2025 | 15.44% | 0.52% |
| 2026 | 15.52% | 0.52% |
| 2027 | 15.63% | 0.71% |
| 2028 | 15.76% | 0.83% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028
16 Analysts have issued a Fastenal forecast for earnings per share. The average Fastenal <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is $2.03 . This is 1.00% higher than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is $2.05 1.99% , the lowest is $2.02 0.50% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2023 | $2.02 | 6.88% |
|---|---|---|
| 2024 | $2.03 | 0.50% |
| 2025 | $2.18 | 7.39% |
| 2026 | $2.36 | 8.26% |
| 2027 | $2.54 | 7.63% |
| 2028 | $2.69 | 5.91% |
P/E ratio
| Current | 37.18 | 14.72% |
|---|---|---|
| 2024 | 36.89 | 0.78% |
| 2025 | 34.24 | 7.18% |
| 2026 | 31.66 | 7.54% |
| 2027 | 29.46 | 6.95% |
| 2028 | 27.81 | 5.60% |
Based on analysts' sales estimates for 2024, the Fastenal stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of 5.70 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 5.67 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 5.76 | 13.61% |
|---|---|---|
| 2024 | 5.70 | 1.10% |
| 2025 | 5.32 | 6.67% |
| 2026 | 4.94 | 7.05% |
| 2027 | 4.63 | 6.34% |
| 2028 | 4.41 | 4.76% |
P/S ratio
| Current | 5.73 | 13.85% |
|---|---|---|
| 2024 | 5.67 | 1.13% |
| 2025 | 5.29 | 6.67% |
| 2026 | 4.92 | 7.05% |
| 2027 | 4.60 | 6.34% |
| 2028 | 4.38 | 4.76% |
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