Wall Street is positive on Nucor Corporation (NUE). On average, analysts give NUE a Buy rating. The average price target is $168.875, which means analysts expect the stock to increase by 5.17% over the next twelve months.
That average ranking earns NUE an Analyst Rating of 23, which is better than 23% of stocks based on data compiled by InvestorsObserver.
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!
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Nucor Corporation Stock Today?
Nucor Corporation (NUE) stock has risen 2.21% while the S&P 500 has fallen -0.16% as of 3:00 PM on Monday, Nov 27. NUE is up $3.47 from the previous closing price of $157.10 on volume of 760,055 shares. Over the past year the S&P 500 has gained 14.84% while NUE is up 8.84%. NUE earned $19.79 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.12.
Click Here to get the full Stock Report for Nucor Corporation stock.
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