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 most optimistic price target was 78.5, implying potential capital gains of 36.62 percent. The minimum price target given was 40, which equates to a potential downside of -30.39 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 6 analysts made negative revisions to their fiscal year's estimates.
NUE has an estimated earnings growth rate of 18.49 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. 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. Currently the stock is 28.23 percent higher than its low, and 15.5 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.