By Mill Chart
Last update: Feb 29, 2024
In this article we will dive into FASTENAL CO (NASDAQ:FAST) as a possible candidate for quality investing. Investors should always do their own research, but we noticed FASTENAL CO showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.
ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.
We assign a fundamental rating of 6 out of 10 to FAST. FAST was compared to 52 industry peers in the Trading Companies & Distributors industry. FAST gets an excellent profitability rating and is at the same time showing great financial health properties. FAST is quite expensive at the moment. It does show a decent growth rate. These ratings would make FAST suitable for quality investing!
Check the latest full fundamental report of FAST for a complete fundamental analysis.
More quality stocks can be found in our Caviar Cruise screen.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
FASTENAL CO
NASDAQ:FAST (4/24/2024, 7:00:03 PM)
After market: 68.47 +0.73 (+1.08%)67.74
+0.23 (+0.34%)
These S&P500 stocks are moving in today's session
Headwinds proved too much to overcome in the first quarter.
FAST stock results show that Fastenal missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.