Nucor Corporation (NUE) : The consensus on Nucor Corporation (NUE) based on 11 analyst recommendation on the company stock is 2.27, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Nucor Corporation (NUE) : 9 Wall Street analysts covering Nucor Corporation (NUE) believe that the average level the stock could reach for the short term is $55.83. The maximum price target given is $60 and the minimum target for short term is around $44, hence the standard deviation is calculated at $4.86.
Also, Berenberg downgrades their rating on the shares of Nucor Corporation (NYSE:NUE). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 25, 2016.
Nucor Corporation (NYSE:NUE): After opening at $45.27, the stock dipped to an intraday low of $44.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $45.85 and the buying power remained strong till the end. The stock closed at $45.62 for the day, a gain of 0.60% for the day session. The total traded volume was 3,037,582. The stocks close on the previous trading day was $45.35.
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.