Jefferies lifts target for Fastenal stock to USD 60.00
Published on 10/13/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSJefferies target and valuation
- Jefferies lifted its Fastenal target to USD 60.00 on October 12, 2026.
- Third-quarter revenue is forecast at USD 2.44 billion for October 14, 2026.
- Fastenal stock costs EUR 45.84 at Lang & Schwarz on October 13, 2026 at 4:07 p.m. CEST.
- Fastenal has a P/E ratio of 43.51 and market capitalization of USD 58.9 billion.
Jefferies raised its Fastenal target from USD 52.00 to USD 60.00 on October 12, 2026, according to Boursorama. The new target stands 16.89 percent above Fastenal's USD 51.33 Nasdaq price on October 13, 2026. Fastenal stock was trading at EUR 45.84 at Lang & Schwarz on October 13, 2026 at 4:07 p.m. CEST.
Third-quarter estimates set a test
Fastenal is due to report third-quarter results on October 14, 2026. Investor's Business Daily said on October 9, 2026 that analysts expected earnings per share of USD 0.34, up 16.50 percent year over year, and revenue of USD 2.44 billion, up 14.20 percent. Those estimates make the October 14 release the next concrete test for the valuation.
Price remains below the yearly high
Fastenal's Nasdaq price of USD 51.33 on October 13, 2026 stood USD 1.59 below its 52-week high of USD 52.92 and USD 12.36 above its 52-week low of USD 38.97. Trading volume reached 1,206,180 shares against an average volume of 7,341,701 shares on the same date.
The business supplies industrial and construction materials through a network of local facilities and distribution centers. The company profile identifies industrial distribution as its industry and lists 22,230 full-time employees.
Valuation and upcoming date
Fastenal carried a market capitalization of USD 58.9 billion and a P/E ratio of 43.51 on October 13, 2026. Its trailing dividend yield was 2.00 percent. The official investor release dated September 28, 2026 confirms that the company will review its third-quarter results during a webcast on October 14, 2026 at 9:00 a.m. Central time, as stated by Fastenal.
Comparison with peers
Fastenal Co. (Nasdaq, USD): minus 0.32 percent, P/E 43.51, market capitalization USD 58.9 billion
W.W. Grainger (NYSE, USD): plus 0.92 percent, P/E 33.59, market capitalization USD 62.3 billion
MSC Industrial Direct (NYSE, USD): plus 1.23 percent, P/E 31.46, market capitalization USD 7.3 billion
What the quote says today
The euro quote was EUR 45.84 at Lang & Schwarz on October 13, 2026 at 4:07 p.m. CEST. The bid was EUR 45.76 and the ask was EUR 45.92. The Nasdaq price was USD 51.33 at 2:17 p.m. ET on October 13, 2026, while the 52-week range remained USD 38.97 to USD 52.92.
The further course of trading is shown by the continuously updated real-time quote of Fastenal stock.
Fastenal stock data
- Company: Fastenal Co.
- ISIN: US3119001044
- Ticker: FAST
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 13, 2026, 4:07 p.m. CEST): EUR 45.84
- Market capitalization: USD 58.9 billion (as of October 13, 2026)
- 52-week range: USD 38.97-52.92 (as of October 13, 2026)
- Sector / Industry: Industrials / Industrial Distribution
Market context: Market report S&P 500.
