Stock Rating Downgrade
The Value Trend Rating for Fastenal Co (NASDAQ: FAST) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Fastenal Co (NASDAQ: FAST) stock closed at $71.63 on 1/10/25 after a modest decline of -1.8%. NORMAL trading volume accompanied the decline. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Fastenal has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Fastenal has a poor Appreciation Score of 15 but a slightly positive Power Rating of 67, resulting in the Negative Value Trend Rating.
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