Zacks Rating on Nucor Corporation (NUE)

Nucor Corporation (NUE) : 5 brokerage houses believe that Nucor Corporation (NUE) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nucor Corporation (NUE). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.

Nucor Corporation (NUE) : Currently there are 9 street experts covering Nucor Corporation (NUE) stock. The most bullish and bearish price target for the stock is $60 and $44 respectively for the short term. The average price target of all the analysts comes to $55.83. The estimated standard deviation from the target is $4.86.


Nucor Corporation has lost 1.38% in the last five trading days and dropped 4.5% in the last 4 weeks. Nucor Corporation is up 6.95% in the last 3-month period. Year-to-Date the stock performance stands at 26.17%. Nucor Corporation (NYSE:NUE): On Tuesdays trading session , Opening price of the stock was $50.65 with an intraday high of $50.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $49.96. However, the stock managed to close at $50.03, a loss of 0.56% for the day. On the previous day, the stock had closed at $50.31. The total traded volume of the day was 2,108,462 shares.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Companys steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials. In the steel mills segment, Nucor produces and distributes sheet steel, plate steel, structural steel and bar steel. In the steel products segment, Nucor produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and expanded metal, and wire and wire mesh. In the raw materials segment, the Company produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.