Markets

Land Yourself Some FAST Profits

Fastenal Company (NASDAQ: FAST ) - This wholesaler and retailer of industrial and construction supplies distributes its products through about 2,500 stores in the United States, and should be a chief beneficiary of a turnaround in the economy.

S&P forecasts a 21% increase in sales this year, as well as an increase in net profit margins. They estimate earnings of $2.35 in 2011 versus $1.80 last year, and look for $2.75 in 2012. S&P has a "five-star strong buy" on the stock and recently revised its price target to $85 from $78.

Technically, the stock is in a powerful bull market with a 12-month price target of $80 and a trading target of $75.

Trade of the Day Fastenal Company (NASDAQ: FAST)Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

FAST

Other Topics

Investing Stocks