A share price of Nucor Corp [NUE] is currently trading at $141.84, down -0.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NUE shares have gain 0.35% over the last week, with a monthly amount drifted -6.35%, 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 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.
Nucor Corp experienced fluctuations in its stock price throughout the past year between $133.42 and $203.00. Currently, Wall Street analysts expect the stock to reach $150.11 within the next 12 months. Nucor Corp [NYSE: NUE] shares were valued at $141.84 at the most recent close of the market. An investor can expect a potential return of 5.83% based on the average NUE price forecast.
Analyzing the NUE fundamentals
Trailing Twelve Months sales for Nucor Corp [NYSE:NUE] were 31.36B which represents -15.17% decline. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 140.37 points at the first support level, and at 138.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 143.70, and for the 2nd resistance point, it is at 145.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nucor Corp [NYSE:NUE] is 2.59. Also, the Quick Ratio is 1.61, while the Cash Ratio stands at 0.82. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 13.71.
Transactions by insiders
Recent insider trading involved QUERY KENNETH REX, Executive Vice President, that happened on Oct 29 ’24 when 9000.0 shares were sold. Officer, QUERY KENNETH REX completed a deal on Oct 29 ’24 to buy 9000.0 shares. Meanwhile, Executive Vice President Needham Daniel R. sold 8624.0 shares on Jul 31 ’24.
