Nucor Corporation with ticker code (NUE) now have 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $240.00 and $39.00 and has a mean share price target at $189.14. (at the time of writing). Given that the stocks previous close was at $168.85 this would imply there is now a potential upside of 12.0%. It’s also worth noting that there is a 50 day moving average of $182.04 while the 200 day moving average is $171.56. The market cap for the company is 39.99B. The stock price is currently at: $166.81 USD
The potential market cap would be $44,800,695,977 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 9.81, revenue per share of $138.14 and a 10.96% 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.
