Analyst Ratings for Nucor Corp. (NUE)Updated: 2017-07-29
An average rating of Buy has been given to Nucor Corp. (NYSE:NUE) by analysts covering the stock. A consensus rating of Overweight was previously issued for NUE last month.
Of the 17 analysts covering the stock, 13 gave it a buy rating, 0 gave an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for NUE. The highest price target was 78.5, which equates to a potential upside of 36.62 percent. The most pessimistic analyst gave a price target of 40, implying a possible loss of -30.39 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -9.03 percent on average, compared to last month. That number becomes -8.89 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -3.9 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.59 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 6 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of NUE to grow at a rate of 18.49 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. NUE has a PEG ratio of 0.9.
In the last 52-weeks, NUE has achieved a high of 68.00 and a low of 44.81. Currently the stock is 28.23 percent higher than its low, and 15.5 percent below the high. NUE has a P/E ratio of 16.66. Investors typically compare the P/E ratio to a company's peers in the industry. The NUE value stock report compares NUE to some of its peers using value stock charts. The stock has a market capitalization of $18.72 billion. NUE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.