A share price of Nucor Corp [NUE] is currently trading at $122.88, up 3.99%. 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 6.44% over the last week, with a monthly amount drifted -12.58%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nucor Corp [NYSE: NUE] stock has seen the most recent analyst activity on December 12, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $156 from $171. Previously, Goldman started tracking the stock with Buy rating on December 02, 2024, and set its price target to $190. On September 09, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $174 on the stock. Morgan Stanley upgraded its rating to a Overweight and decreased its price target to $176 on August 15, 2024. Jefferies initiated its recommendation with a Hold and recommended $190 as its price target on May 20, 2024. Citigroup upgraded its rating to Buy for this stock on March 13, 2024, and upped its price target to $240. In a note dated January 16, 2024, UBS initiated an Buy rating and provided a target price of $210 on this stock.
Nucor Corp experienced fluctuations in its stock price throughout the past year between $112.25 and $203.00. Currently, Wall Street analysts expect the stock to reach $154.75 within the next 12 months. Nucor Corp [NYSE: NUE] shares were valued at $122.88 at the most recent close of the market. An investor can expect a potential return of 25.94% 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 0.12%, 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 119.14 points at the first support level, and at 115.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.09, and for the 2nd resistance point, it is at 127.29.
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 0.92, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 11.88.
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.
