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Analyst Rating: Will Nucor Corp (NUE) Stock Do Better Than the Market?

Monday, March 04, 2024 02:25 PM | InvestorsObserver Analysts

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Analyst Rating: Will Nucor Corp (NUE) Stock Do Better Than the Market?

Analysts who follow Nucor Corp (NUE) on average expect it to add 0.61% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Nucor Corp an Analyst Ranking of 31, which means it ranks higher than 31 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating NUE a Buy today. Find out what this means to you and get the rest of the rankings on NUE!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Nucor Corp Stock Today?

Nucor Corp (NUE) stock is trading at $186.74 as of 2:15 PM on Monday, Mar 4, a loss of -$3.94, or -2.07% from the previous closing price of $190.68. The stock has traded between $186.73 and $192.76 so far today. Volume today is low. So far 601,989 shares have traded compared to average volume of 1,590,083 shares. Click Here to get the full Stock Report for Nucor Corp stock.

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