Fastenal Company FAST was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 14.2% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fastenal currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Building Products – Retail industry is Beacon Roofing Supply, Inc. BECN, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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