Nucor Corp. [NUE] stock prices are up 1.83% to $150.44 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NUE shares have gain 4.42% over the last week, with a monthly amount drifted -6.50%, and not 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 August 15, 2024, when Morgan Stanley upgraded its rating to a Overweight and also revised its price target to $176 from $187. Previously, Jefferies started tracking the stock with Hold rating on May 20, 2024, and set its price target to $190. On March 13, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $240 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $210 on January 16, 2024. JP Morgan upgraded its rating to a Neutral but $151 remained the price target by the analyst firm on October 16, 2023. Exane BNP Paribas upgraded its rating to Outperform for this stock on July 05, 2023, but kept the price target unchanged to $191. In a note dated June 01, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
The stock price of Nucor Corp. [NUE] has been fluctuating between $139.41 and $203.00 over the past year. Currently, Wall Street analysts expect the stock to reach $159.13 within the next 12 months. Nucor Corp. [NYSE: NUE] shares were valued at $150.44 at the most recent close of the market. An investor can expect a potential return of 5.78% based on the average NUE price forecast.
Analyzing the NUE fundamentals
The Nucor Corp. [NYSE:NUE] reported sales of 32.69B for trailing twelve months, representing a drop of -15.18%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 148.86 points at the first support level, and at 147.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.29, and for the 2nd resistance point, it is at 154.13.
Ratios To Look Out For
It’s worth pointing out that Nucor Corp. [NYSE:NUE]’s Current Ratio is 2.93. On the other hand, the Quick Ratio is 1.85, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 10.85.
Transactions by insiders
Recent insider trading involved Needham Daniel R., Executive Vice President, that happened on Jul 31 ’24 when 8624.0 shares were sold. Officer, Needham Daniel R. completed a deal on Jul 31 ’24 to buy 8624.0 shares. Meanwhile, Executive Vice President Utermark D. Chad sold 33068.0 shares on Mar 22 ’24.
