Nucor Corporation (NYSE:NUE) target price raised to $55.00, reported today by Citigroup Inc.
- Updated: September 17, 2016
In a statement issued on 8/22/2016 Citigroup Inc. upped the target price of Nucor Corporation (NYSE:NUE) from $0 to $55 stating a possible upside of 0.10%.
On 7/26/2016, Cowen reported about Nucor Corporation(NYSE:NUE) upped the target price from $50.00 to $55.00. At the time, this suggested an upside of 0.05%.
Displaying a price of $50.17, Nucor Corporation (NYSE:NUE) traded 0.26% higher on the day. With the last stock close up 7.07% from the 200-day average, compared with the S&P 500 which has fallen -0.01% over the same time. Nucor Corporation has registered a 50-day moving average of $50.79 and 200-day average of $49.22. 3,482,514 shares of Nucor Corporation were exchanged, up from ann average trading volume of 2,817,460
With a total market value of $0.0, Nucor Corporation has a 52 week low of $33.90 and a one-year high of $57.08 with a price-earnings ratio of 31.
In addition to Citigroup Inc. reporting it’s stock price target, a total of 15 equity analysts have issued a ratings update on NUE. The one year target is $53.00 with three firms rating the company a strong buy, four firms rating the company a buy, nine firms rating the stock a hold, 0 rating the stock to underperform, and lastly one brokeragerating the stock as sell.
General Company Details For Nucor Corporation (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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