Fastenal Target price 2024 - Analyst rating & recommendation
Fastenal Classifications & Recommendation:
Fastenal Price Target
| Target Price | $76.64 |
| Price | $81.76 |
| Deviation | 6.27% |
| Number of Estimates | 11 |
| 11 Analysts have issued a price target Fastenal 2025 . The average Fastenal target price is $76.64. This is 6.27% lower than the current stock price. The highest price target is $88.00 7.63% , the lowest is $64.00 21.72% . | |
| A rating was issued by 18 analysts: 3 Analysts recommend Fastenal to buy, 11 to hold and 4 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 6.27% . 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 1.29% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $7.7b 3.03% , the lowest is $7.5b 0.90% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $7.3b | 5.24% |
|---|---|---|
| 2024 | $7.6b | 3.13% |
| 2025 | $8.1b | 7.35% |
| 2026 | $8.8b | 7.61% |
| 2027 | $9.3b | 6.38% |
| 2028 | $9.8b | 4.99% |
13 Analysts have issued an Fastenal EBITDA forecast 2024. The average Fastenal EBITDA estimate is $1.7b . This is 0.77% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $1.7b 3.23% , 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 | 0.02% |
| 2025 | $1.8b | 8.19% |
| 2026 | $2.0b | 7.74% |
| 2027 | $2.1b | 7.19% |
| 2028 | $2.3b | 5.72% |
EBITDA Margin
| 2023 | 23.22% | 0.57% |
|---|---|---|
| 2024 | 22.52% | 3.02% |
| 2025 | 22.70% | 0.80% |
| 2026 | 22.72% | 0.09% |
| 2027 | 22.90% | 0.79% |
| 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 1.11% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.2b 3.98% , 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 | 0.61% |
| 2025 | $1.3b | 7.96% |
| 2026 | $1.4b | 8.23% |
| 2027 | $1.5b | 6.97% |
| 2028 | $1.5b | 5.91% |
Net Margin
| 2023 | 15.75% | 1.55% |
|---|---|---|
| 2024 | 15.37% | 2.42% |
| 2025 | 15.45% | 0.52% |
| 2026 | 15.54% | 0.58% |
| 2027 | 15.63% | 0.58% |
| 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 $2.09 3.98% , 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 | $2.19 | 7.88% |
| 2026 | $2.37 | 8.22% |
| 2027 | $2.54 | 7.17% |
| 2028 | $2.69 | 5.91% |
P/E ratio
| Current | 40.63 | 33.08% |
|---|---|---|
| 2024 | 40.23 | 0.98% |
| 2025 | 37.27 | 7.36% |
| 2026 | 34.43 | 7.62% |
| 2027 | 32.19 | 6.51% |
| 2028 | 30.39 | 5.59% |
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 6.21 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 6.18 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 6.29 | 31.87% |
|---|---|---|
| 2024 | 6.21 | 1.22% |
| 2025 | 5.79 | 6.85% |
| 2026 | 5.38 | 7.07% |
| 2027 | 5.06 | 6.00% |
| 2028 | 4.82 | 4.76% |
P/S ratio
| Current | 6.26 | 32.06% |
|---|---|---|
| 2024 | 6.18 | 1.27% |
| 2025 | 5.76 | 6.85% |
| 2026 | 5.35 | 7.07% |
| 2027 | 5.03 | 6.00% |
| 2028 | 4.79 | 4.76% |
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