Nucor Corporation with ticker code (NUE) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The target price High/Low ranges between $210.00 and $39.00 suggesting an average Analsyt target price of $172.00. Now with the previous closing price of $189.99 this indicates there is a potential downside of -9.5%. It’s also worth noting that there is a 50 day moving average of $176.96 while the 200 day moving average is $161.83. The market cap for the company is 47.10B. The stock price for the company is currently is currently $191.59 USD
The potential market cap would be $42,640,404,319 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 10.64, revenue per share of $138.98 and a 11.48% 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.
