While Nucor Corp has underperformed by -0.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NUE fell by -26.94%, with highs and lows ranging from $203.00 to $112.25, whereas the simple moving average fell by -10.63% in the last 200 days.
On December 12, 2024, UBS Downgraded Nucor Corp (NYSE: NUE) to Neutral. A report published by Goldman on December 02, 2024, Initiated its previous ‘Buy’ rating for NUE. JP Morgan also Upgraded NUE shares as ‘Overweight’, setting a target price of $174 on the company’s shares in a report dated September 09, 2024. Morgan Stanley August 15, 2024d the rating to Overweight on August 15, 2024, and set its price target from $187 to $176. Jefferies initiated its ‘Hold’ rating for NUE, as published in its report on May 20, 2024. Citigroup’s report from March 13, 2024 suggests a price prediction of $240 for NUE shares, giving the stock a ‘Buy’ rating. UBS also rated the stock as ‘Buy’.
Analysis of Nucor Corp (NUE)
A return on investment can be expected regardless of NUE’s performance over the next quarter with the dividend set at $2.17 per share. Further, the quarter-over-quarter decrease in sales is -8.16%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Nucor Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 9.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.48, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NUE is recording an average volume of 2.50M. On a monthly basis, the volatility of the stock is set at 2.97%, whereas on a weekly basis, it is put at 3.37%, with a gain of 3.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $152.90, showing growth from the present price of $133.20, which can serve as yet another indication of whether NUE is worth investing in or should be passed over.
How Do You Analyze Nucor Corp Shares?
A leading company in the Steel sector, Nucor Corp (NUE) is based in the USA. When comparing Nucor Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.85, there is a growth in quarterly earnings of -61.44%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NUE shares are owned by institutional investors to the tune of 77.75% at present.
