Nucor Corporation (NUE) : 12 analysts are covering Nucor Corporation (NUE) and their average rating on the stock is 2.17, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Nucor Corporation (NUE) : The highest level Nucor Corporation (NUE) is projected to reach is $60 for the short term and the lowest estimate is at $44. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $55.75 and the possibility the share price can swing is $4.59.
Company shares have received an average consensus rating of Hold for the current week Nucor Corporation (NYSE:NUE): The stock was completely flat for the day, closing at $52.35 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $52.57, the stock touched an intraday high of $52.80 and a low of $52.00. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $52.35. The total trading volume on Thursday was 2,516,523.
In a related news, The Securities and Exchange Commission has divulged that Frias James D, officer (CFO, Treasurer and EVP) of Nucor Corp, had unloaded 9,000 shares at an average price of $53.14 in a transaction dated on July 28, 2016. The total value of the transaction was worth $478,260.
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.