Tuesday, November 24, 2020

Nucor Corporation [NUE] is -21.64% lower this YTD. Is it still time to buy?

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Nucor Corporation [NYSE: NUE] loss -0.34% on the last trading session, reaching $44.10 price per share at the time. Nucor Corporation represents 302.91 million in outstanding shares, while the company has a total market value of $13.36 billion with the latest information. NUE stock price has been found in the range of $43.76 to $45.00.

If compared to the average trading volume of 2.99M shares, NUE reached a trading volume of 1796468 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Nucor Corporation [NUE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUE shares is $43.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Nucor Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 15, 2020. While these analysts kept the previous recommendation, Goldman dropped their target price from $55 to $41. The new note on the price target was released on March 30, 2020, representing the official price target for Nucor Corporation stock. Previously, the target price had yet another drop from $45 to $37, while Deutsche Bank kept a Hold rating on NUE stock. On January 31, 2020, analysts decreased their price target for NUE shares from 60 to 55.

The Average True Range (ATR) for Nucor Corporation is set at 1.49, with the Price to Sales ratio for NUE stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 4.59.

Trading performance analysis for NUE stock

Nucor Corporation [NUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, NUE shares gained by 8.54% in over the last four-week period, additionally sinking by -23.64% over the last 6 months – not to mention a drop of -14.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUE stock in for the last two-week period is set at 59.93, with the RSI for the last a single of trading hit 60.41, and the three-weeks RSI is set at 58.46 for Nucor Corporation [NUE]. The present Moving Average for the last 50 days of trading for this stock 39.90, while it was recorded at 44.79 for the last single week of trading, and 47.37 for the last 200 days.

Nucor Corporation [NUE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Nucor Corporation [NUE] shares currently have an operating margin of +8.56 and a Gross Margin at +11.86. Nucor Corporation’s Net Margin is presently recorded at +5.60.

Return on Total Capital for NUE is now 13.00, given the latest momentum, and Return on Invested Capital for the company is 8.79. Return on Equity for this stock inclined to 12.55, with Return on Assets sitting at 6.97. When it comes to the capital structure of this company, Nucor Corporation [NUE] has a Total Debt to Total Equity ratio set at 43.21. Additionally, NUE Total Debt to Total Capital is recorded at 30.17, with Total Debt to Total Assets ending up at 24.40. Long-Term Debt to Equity for the company is recorded at 42.15, with the Long-Term Debt to Total Capital now at 29.43.

Reflecting on the efficiency of the workforce at the company, Nucor Corporation [NUE] managed to generate an average of $47,168 per employee. Receivables Turnover for the company is 9.16 with a Total Asset Turnover recorded at a value of 1.25.Nucor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 3.50.

Nucor Corporation [NUE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Nucor Corporation posted 1.26/share EPS, while the average EPS was predicted by analysts to be reported at 1.29/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NUE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nucor Corporation go to 3.94%.

An analysis of insider ownership at Nucor Corporation [NUE]

There are presently around $10,176 million, or 77.90% of NUE stock, in the hands of institutional investors. The top three institutional holders of NUE stocks are: VANGUARD GROUP INC with ownership of 38,786,725, which is approximately 2.932% of the company’s market cap and around 0.50% of the total institutional ownership; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 28,209,300 shares of the stock with an approximate value of $1.25 billion in NUE stocks shares; and BLACKROCK INC., currently with $1.0 billion in NUE stock with ownership of nearly 0.692% of the company’s market capitalization.

Positions in Nucor Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 295 institutional holders increased their position in Nucor Corporation [NYSE:NUE] by around 11,954,309 shares. Additionally, 426 investors decreased positions by around 22,884,798 shares, while 107 investors held positions by with 195,134,743 shares. The mentioned changes placed institutional holdings at 229,973,850 shares, according to the latest SEC report filing. NUE stock had 66 new institutional investments in for a total of 3,766,925 shares, while 150 institutional investors sold positions of 2,495,144 shares during the same period.

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