At the time of writing, Nucor Corp. [NUE] stock is trading at $150.61, up 2.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NUE shares have gain 5.93% over the last week, with a monthly amount glided 1.95%, 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 September 09, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $174 from $170. Previously, Morgan Stanley upgraded its rating to Overweight on August 15, 2024, and dropped its price target to $176. On May 20, 2024, Jefferies initiated with a Hold rating and assigned a price target of $190 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $240 on March 13, 2024. UBS initiated its recommendation with a Buy and recommended $210 as its price target on January 16, 2024. JP Morgan upgraded its rating to Neutral for this stock on October 16, 2023, but kept the price target unchanged to $151. In a note dated July 05, 2023, Exane BNP Paribas upgraded an Outperform rating on this stock but restated the target price of $191.
For the past year, the stock price of Nucor Corp. fluctuated between $133.42 and $203.00. Currently, Wall Street analysts expect the stock to reach $156.5 within the next 12 months. Nucor Corp. [NYSE: NUE] shares were valued at $150.61 at the most recent close of the market. An investor can expect a potential return of 3.91% based on the average NUE price forecast.
Analyzing the NUE fundamentals
According to Nucor Corp. [NYSE:NUE], the company’s sales were 32.69B for trailing twelve months, which represents an -15.18% plunge. 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 0.17 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 149.32 points at the first support level, and at 148.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.02, and for the 2nd resistance point, it is at 153.43.
Ratios To Look Out For
It is important to note that Nucor Corp. [NYSE:NUE] has a current ratio of 2.93. As well, the Quick Ratio is 1.85, while 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 10.86.
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.
