Fastenal Co
FAST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$36.00 | Qfg | Ryjjjldz |
Fastenal Reports Solid Numbers to Close Out 2022 Amid Moderating Economic Activity
Wide-moat-rated Fastenal reported solid fourth-quarter results to end 2022. We’ve raised our fair value estimate to $46, up from $45 previously. We made slight adjustments to our near-term sales and margin forecasts and accounted for the time value of money since our last update.