Nucor Corporation which can be found using ticker (NUE) now have 11 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The range between the high target price and low target price is between 191 and 39 suggesting an average Analsyt target price of $158.36. Given that the stocks previous close was at $166.52 this is indicating there is a potential downside of -4.9%. The 50 day moving average now sits at $161.41 and the 200 day MA is $152.15. The market capitalization for the company is 43.22B. The stock price for the company is currently 172.04 USD
The potential market cap would be $41,102,471,398 based on the market consensus.
The company has a dividend yield of 1.35%. Other points of data to note are a P/E ratio of 7.91, revenue per share of 147.14 and a 14.59% return on assets.
Nucor Corporation is focused on manufacturing steel and steel products that produces direct reduced iron (DRI) for use in its steel mills. The Company’s segments include Steel Mills, Steel Products and Raw Materials. The Steel Mills segment produces sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar and engineered special bar quality (SBQ). The Steel Products segment produces steel joists and joist girders, steel deck, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems and others. The Raw Materials segment DRI; brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal.
