Wolfe Research downgraded Fastenal Co (FAST) to Underperform from Peer Perform on November 12, 2025. The stock is currently priced at $40.75.
This downgrade reflects increased caution regarding Fastenal's outlook, potentially due to competitive pressures, market conditions, or execution risks that could affect the company's performance. Fastenal Co, headquartered in Winona, Minnesota, specializes in the distribution of fasteners and tools, employing 20,958 full-time staff. The company serves a diverse client base, including general contractors, farmers, and governmental entities, with a market cap of $47.0 billion and a P/E ratio of 38.31.
Fastenal's upcoming earnings reports are scheduled for July 12, 2026, with an EPS estimate of $0.32 and revenue expectations of $2.3 billion. Analyst consensus as of November 1, 2025, indicates a mix of ratings, with 6 Strong Buy, 3 Buy, 12 Hold, and 3 Sell among 24 total analysts.
Analyst ratings and price targets are based on research and financial models. While they provide insights, they are subject to change as new information arises, and should be considered alongside company fundamentals and industry trends.