Long-Term Investors Should Consider Buying the Dips in Nucor Corporation [NUE] Stock

Nucor Corporation [NUE] shares are down more than -2.90% this year and recently increased 0.02% or $1.18 to settle at $57.12. Analysts expect NUE to shrink earnings at a -5.66% annual rate over the next 5 years. NUE has a short ratio of 1.48. This implies that the market is currently less bullish on the outlook for NUE.

On 3, December 2020, Nucor Announces Pricing Terms for Previously Announced Private Exchange Offers, Interest Rate for New Notes and Acceptance of Tendered Notes. According to news published on Yahoo Finance, Nucor Corporation (NYSE: NUE) (“Nucor” or the “Company”) today announced the pricing terms for its previously announced offers (each, an “Exchange Offer,” and, collectively, the “Exchange Offers”) to certain Eligible Holders (as defined in the Offering Memorandum (as defined below)) to exchange certain of the Company’s outstanding debt securities listed in the table below (collectively, the “Existing Notes”) for a combination of the Company’s new 2.979% Notes due 2055 (the “New Notes”) and cash, the complete terms and conditions of which are set forth in an offering memorandum, dated November 18, 2020 (the “Offering Memorandum”), and the related letter of transmittal, dated November 18, 2020 (together with the Offering Memorandum, the “Offering Documents”). Nucor also announced that it will pay interest on the New Notes at a rate per annum equal to 2.979%, as calculated in accordance with the Offering Memorandum. In addition, Nucor announced the aggregate principal amount of the Existing Notes validly tendered, and not validly withdrawn, at or prior to the Early Participation Deadline (as defined in the Offering Memorandum) to be accepted for exchange.

Analyst Birdseye View:

The most recent analyst activity for Nucor Corporation [NYSE:NUE] stock was on October 15, 2020, when it was Downgrade with a Neutral rating from Exane BNP Paribas, which also raised its 12-month price target on the stock to $48. On August 11, 2020, Argus Downgrade a Hold rating. On April 15, 2020, Credit Suisse Downgrade a Neutral rating. On March 30, 2020, Goldman Upgrade a Buy rating and decreased its price target to $41. On March 30, 2020, Deutsche Bank Upgrade a Hold rating and boosted its amount target on this stock to $37. On January 31, 2020, Goldman Downgrade a Neutral rating and decreased its target amount on this stock from $60 to $55.

In the past 52 weeks of trading, this stock has oscillated between a low of $27.52 and a peak of $58.70. Right now, the middling Wall Street analyst 12-month amount mark is $48.00. At the most recent market close, shares of Nucor Corporation [NYSE:NUE] were valued at $57.12. According to the average price forecast, investors can expect a potential return of -4.96%.

FUNDAMENTAL ANALYSIS

Nucor Corporation [NYSE:NUE] most recently reported quarterly sales of 4.93 billion, which represented growth of -9.80%. This publicly-traded organization’s revenue is $842,868 per employee, while its income is $47,168 per employee. This company’s Gross Margin is currently 9.70%, its Operating Margin is 4.70%, its Pretax Margin is +7.89, and its Net Margin is +5.60. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.97, 12.55, 13.00 and 8.79 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 30.17 and the whole liability to whole assets at 24.40. It shows enduring liability to the whole principal at 29.43 and enduring liability to assets at 0.24 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 55.45 points at 1st support level, the second support level is making up to 54.96. But as of 1st resistance point, this stock is sitting at 56.58 and at 57.22 for 2nd resistance point.

Nucor Corporation [NUE] reported its earnings at $0.65 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.51/share signifying the difference of 0.14 and 27.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.37 calling estimates for $0.13/share with the difference of 0.24 depicting the surprise of 184.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Nucor Corporation [NYSE:NUE] is 3.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.74. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.76, it’s amount to book ratio is 1.64 and showing 39.70 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Utermark D. Chad, Executive Vice President, and it was the sale of 11570.0 shares on Nov 10. SLATE MARYEMILY, the Executive Vice President, completed a sale of 2149.0 shares on Nov 02. On Oct 29, Sumoski David A, Executive Vice President, completed a sale of 21150.0 shares.