Nucor Corp. [NUE] stock is trading at $192.78, up 0.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The NUE shares have lost -2.72% over the last week, with a monthly amount glided 1.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nucor Corp. [NYSE: NUE] stock has seen the most recent analyst activity on March 13, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $240 from $180. Previously, UBS started tracking the stock with Buy rating on January 16, 2024, and set its price target to $210. On October 16, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $151 on the stock. Exane BNP Paribas upgraded its rating to a Outperform but stick to its price target of $191 on July 05, 2023. Wolfe Research upgraded its rating to a Peer Perform. JP Morgan started tracking with a Underweight rating for this stock on May 23, 2023, and assigned it a price target of $130.
Nucor Corp. [NUE] stock has fluctuated between $129.79 and $203.00 over the past year. Currently, Wall Street analysts expect the stock to reach $147.86 within the next 12 months. Nucor Corp. [NYSE: NUE] shares were valued at $192.78 at the most recent close of the market. An investor can expect a potential drop of -23.3% based on the average NUE price forecast.
Analyzing the NUE fundamentals
Nucor Corp. [NYSE:NUE] reported sales of 34.71B for the trailing twelve months, which represents a drop of -11.69%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 190.95 points at the first support level, and at 189.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.29, and for the 2nd resistance point, it is at 197.79.
Ratios To Look Out For
For context, Nucor Corp.’s Current Ratio is 3.57. On the other hand, the Quick Ratio is 2.35, and the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 2.25 and price to earnings (TTM) ratio is 10.71.
Transactions by insiders
Recent insider trading involved Utermark D. Chad, Executive Vice President, that happened on Mar 22 ’24 when 33068.0 shares were sold. Executive Vice President, Jellison Douglas J completed a deal on Mar 21 ’24 to sell 19506.0 shares. Meanwhile, Vice Pres. and Corp. Contro Keller Michael D sold 3145.0 shares on Mar 21 ’24.
