Nucor Corporation (NYSE: NUE) is -3.20% lower on its value in year-to-date trading and has touched a low of $88.50 and a high of $187.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NUE stock was last observed hovering at around $113.52 in the last trading session, with the day’s loss setting it -3.02% off its average median price target of $123.50 for the next 12 months. It is also 38.61% off the consensus price target high of $180.00 offered by 14 analysts, but current levels are -13.92% lower than the price target low of $97.00 for the same period.
Currently trading at $110.50, the stock is -16.52% and -15.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -2.66% at the moment leaves the stock -13.16% off its SMA200. NUE registered 14.85% gain for a year compared to 6-month loss of -23.26%. The firm has a 50-day simple moving average (SMA 50) of $0.83 and a 200-day simple moving average (SMA200) of $2.66.
The stock witnessed a -18.40% gain in the last 1 month and extending the period to 3 months gives it a 2.47%, and is -8.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 3.91% over the month.
Nucor Corporation (NUE) has around 28800 employees, a market worth around $28.97B and $42.97B in sales. Current P/E ratio is 3.38 and Fwd P/E is 8.78. Profit margin for the company is 20.90%. Distance from 52-week low is 24.86% and -41.19% from its 52-week high. The company has generated returns on investments over the last 12 months (36.40%).
Nucor Corporation (NUE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nucor Corporation (NUE) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 2.90, where 10 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Nucor Corporation is expected to release its quarterly report on 10/20/2022.The EPS is expected to grow by 879.50% this year
Nucor Corporation (NUE) Top Institutional Holders
The shares outstanding are 263.22M, and float is at 260.37M with Short Float at 3.32%.
Nucor Corporation (NUE) Insider Activity
A total of 78 insider transactions have happened at Nucor Corporation (NUE) in the last six months, with sales accounting for 56 and purchases happening 22 times. The most recent transaction is an insider sale by QUERY KENNETH REX, the company’s Executive Vice President. SEC filings show that QUERY KENNETH REX sold 5,000 shares of the company’s common stock on Aug 10 at a price of $141.64 per share for a total of $0.71 million. Following the sale, the insider now owns 76100.0 shares.
Nucor Corporation disclosed in a document filed with the SEC on Jul 26 that Behr Allen C (Executive Vice President) sold a total of 4,353 shares of the company’s common stock. The trade occurred on Jul 26 and was made at $122.57 per share for $0.53 million. Following the transaction, the insider now directly holds 59734.0 shares of the NUE stock.
Still, SEC filings show that on Jul 25, Behr Allen C (Executive Vice President) disposed off 3,407 shares at an average price of $122.17 for $0.42 million. The insider now directly holds 64,087 shares of Nucor Corporation (NUE).