Nucor Corp [NYSE: NUE] jumped around 4.58 points on Tuesday, while shares priced at $126.55 at the close of the session, up 3.76%.
Compared to the average trading volume of 2.27M shares, NUE reached a trading volume of 4906438 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Nucor Corp [NUE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUE shares is $154.50 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 2.12. 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.
UBS have made an estimate for Nucor Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 12, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on December 02, 2024, representing the official price target for Nucor Corp stock. Previously, the target price had yet another raise from $170 to $174, while JP Morgan kept a Overweight rating on NUE stock. On August 15, 2024, analysts decreased their price target for NUE shares from 187 to 176.
The Average True Range (ATR) for Nucor Corp is set at 3.88, with the Price to Sales ratio for NUE stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 17.63. Price to Free Cash Flow for NUE in the course of the last twelve months was 36.87 with Quick ratio for the last quarter at 1.48.
How has NUE stock performed recently?
Nucor Corp [NUE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.18. With this latest performance, NUE shares gained by 7.77% in over the last four-week period, additionally sinking by -21.34% over the last 6 months – not to mention a drop of -27.56% 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 54.58, with the RSI for the last a single of trading hit 64.16, and the three-weeks RSI is set at 49.18 for Nucor Corp [NUE]. The present Moving Average for the last 50 days of trading for this stock 131.91, while it was recorded at 122.97 for the last single week of trading, and 151.24 for the last 200 days.
Nucor Corp [NUE]: Deeper insight into the fundamentals
Nucor Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 2.51.
Earnings analysis for Nucor Corp [NUE]
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 Corp go to 16.24%.
Insider trade positions for Nucor Corp [NUE]
There are presently around $78.23%, or 78.64%% of NUE stock, in the hands of institutional investors. The top three institutional holders of NUE stocks are: VANGUARD GROUP INC with ownership of 28.6 million shares, which is approximately 11.7644%. STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 24.69 million shares of the stock with an approximate value of $$3.9 billion in NUE stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $$3.23 billion in NUE stock with ownership which is approximately 8.4107%.
