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.
NUE was given price targets by several analysts. The maximum price target given was 78.5, which equates to a potential upside of 36.62 percent. The most pessimistic price target was 40, implying a possible loss of -30.39 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -9.03 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -8.89 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 6 analysts that revised their FY estimates downwards.
NUE has an estimated earnings growth rate of 18.49 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of NUE is 0.9.
NUE has a 52-week high of 68.00 and a 52-week low of 44.81. The current market price is above the trailing year's low by 28.23 percent, and 15.5 percent lower than its 52-week high. NUE has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.