Nucor Corp [NUE] stock prices are up 1.23% to $149.99 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 2.47% over the last week, with a monthly amount glided 5.88%, 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.
The stock price of Nucor Corp [NUE] has been fluctuating between $133.42 and $203.00 over the past year. Currently, Wall Street analysts expect the stock to reach $150.11 within the next 12 months. Nucor Corp [NYSE: NUE] shares were valued at $149.99 at the most recent close of the market. An investor can expect a potential return of 0.08% based on the average NUE price forecast.
Analyzing the NUE fundamentals
The Nucor Corp [NYSE:NUE] reported sales of 31.36B for trailing twelve months, representing a drop of -15.17%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.12%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 147.45 points at the first support level, and at 144.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 151.69, and for the 2nd resistance point, it is at 153.38.
Ratios To Look Out For
It’s worth pointing out that Nucor Corp [NYSE:NUE]’s Current Ratio is 2.59. On the other hand, the Quick Ratio is 1.61, and the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 14.50.
Transactions by insiders
Recent insider trading involved Behr Allen C, Executive Vice President, that happened on Nov 11 ’24 when 4968.0 shares were sold. Officer, Behr Allen C completed a deal on Nov 11 ’24 to buy 4968.0 shares. Meanwhile, Chair, President and CEO Topalian Leon J sold 11000.0 shares on Nov 06 ’24.
