Research Alert: CFRA Keeps Hold Opinion On Shares Of Fastenal Company

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Research Alert: CFRA Keeps Hold Opinion On Shares Of Fastenal Company

, MT Newswires - 1:35 AM ET 4/14/2025 default

01:35 AM EDT, 04/14/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to $80 from $70, valuing shares at 34.5x our 2026 EPS outlook, which is above the company's long-term historical multiple average given momentum in customer wins. Our 2025 EPS forecast remains at $2.15, but we adjust our 2026 EPS estimate to $2.32 from $2.34. Despite ample uncertainty within markets heading into the Q1 2025 results, FAST delivered on expectations by matching the consensus EPS estimate of $0.52. Our higher multiple of 34.5x (versus 30x in our previous valuation) reflects FAST's consistent outgrowth vs. broader manufacturing markets, as well as opportunities stemming from reshoring. Tariffs remain a wild card for FAST, though we see pricing adjustments and a diversified sourcing strategy cushioning inflationary impacts.

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