Is It Too Late to Buy Fastenal Stock?
Manufacturing is the basis of the global economy. Almost everything, from footwear to automobiles, is produced in factories. Within that landscape, (NASDAQ: FAST) has built a tremendous business.
The company distributes fasteners, supplies, safety gear, and other products that almost every manufacturer needs but often overlooks.
Decades of steady growth have made Fastenal a giant in the industry, and its shareholders quite wealthy. The company has paid and raised its dividend for 25 consecutive years, and returned over 13,000% since the mid-1990s.
Source Fool.com
Fastenal Co. Stock
€36.71
-0.710%
Currently there is a rather positive sentiment for Fastenal Co. with 5 Buy predictions and 2 Sell predictions.
With a target price of 59 € there is a hugely positive potential of 60.72% for Fastenal Co. compared to the current price of 36.71 €.
