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 most optimistic analyst gave a price target of 78.5, implying potential capital gains of 36.62 percent. The minimum price target given was 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.
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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.9 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -6.59 percent in FY estimates.
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, 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, while 6 analysts made negative revisions to their fiscal year's estimates.
The growth rate of NUE's earnings is estimated by analysts to be 18.49 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. NUE has a PEG ratio of 0.9.
In the trailing 52-weeks, NUE hit 68.00 at the highest peak, while it's lowest trading point was 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 will post this quarters earnings in days, on 0000-00-00.