A report released today by Citigroup about Nucor (NYSE:NUE) ups the target price to $55.00
- Updated: September 17, 2016
Boasting a price of $50.05, Nucor (NYSE:NUE) traded 0.26% higher on the day. With the last stock close up 7.07% from the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. NUE has recorded a 50-day moving average of $50.79 and two hundred day average of $49.22. 3,482,514 shares of NUE traded, up from ann average trading volume of 2,817,460
Reporting a possible upside of 0.10%, Citigroup raised the price target of Nucor (NYSE:NUE) to $55
On 7/26/2016, Cowen reported on Nucor(NYSE:NUE) bumped the target price from $50.00 to $55.00 that indicated a possible upside of 0.05%.
Recent Performance Chart:
In addition to Citigroup reporting it’s target price, a total of 15 firms have released a ratings update on the company. The average target price is $53.00 with three firms rating the company a strong buy, four firms rating the stock a buy, nine analysts rating the stock a hold, 0 rating the stock to underperform, and finally one brokerage rating the stock as sell.
Nucor has a price-earnings of 31 with a one-year low of $33.90 and a 52 week high of $57.08 and has a total market value of $0.0.
General Company Details For Nucor (NYSE:NUE)
Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials. Its steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality). Its steel products segment produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel and cold finished steel. Its raw materials segment produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys, and and processes ferrous and nonferrous scrap metal.
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