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Do Analysts Expect Nucor Corporation (NUE) Stock to Rise After It Is Down -14.62% in a Month?

Wednesday, June 22, 2022 03:38 PM | InvestorsObserver Analysts

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Do Analysts Expect Nucor Corporation (NUE) Stock to Rise After It Is Down -14.62% in a Month?

Analysts who follow Nucor Corporation (NUE) on average expect it to increase 23.48% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Nucor Corporation an Analyst Ranking of 14, which means it ranks higher than 14 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.3
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 Corporation Stock Today?

Nucor Corporation (NUE) stock is down -3.94% while the S&P 500 has gained 0.4% as of 3:38 PM on Wednesday, Jun 22. NUE is lower by -$4.42 from the previous closing price of $112.26 on volume of 2,005,333 shares. Over the past year the S&P 500 has fallen -10.99% while NUE has gained 12.71%. NUE earned $28.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.85. Click Here to get the full Stock Report for Nucor Corporation stock.

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