Fastenal Company (FAST) - Bull of the Day
January 15 2012 - 7:00PM
Zacks
Fastenal Company (FAST) has been eyeing profitable
government projects in order to strengthen its position in local
markets. Moreover, the company has undertaken several steps that
will simultaneously upgrade its services and reduce costs.
Its hub and spoke model and aggressive store expansion strategy
supported by an improving cash flow will also increase customer
satisfaction and benefit its business going forward. The company's
profits in the most recent quarter were in line with the Zacks
Consensus Estimate of $0.33 per share.
Therefore, we have upgraded our recommendation on the shares of
Fastenal from Neutral to Outperform. Our $55 target price, 39.6x
our 2012 EPS estimate, reflects this view.
FASTENAL (FAST): Free Stock Analysis Report
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