Nucor Corporation (NUE)
NYSE: NUE · Real-Time Price · USD
153.44
+1.52 (1.00%)
At close: Nov 25, 2024, 4:00 PM
153.60
+0.16 (0.10%)
After-hours: Nov 25, 2024, 7:48 PM EST
Nucor Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Nucor stock have an average target of 190.57, with a low estimate of 160 and a high estimate of 240. The average target predicts an increase of 24.20% from the current stock price of 153.44.
Analyst Consensus: Buy
* Price targets were last updated on Oct 23, 2024.
Analyst Ratings
The average analyst rating for Nucor stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 0 | 1 | 2 | 2 | 2 |
| Hold | 5 | 5 | 4 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 8 | 8 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $170 → $168 | Buy | Maintains | $170 → $168 | +9.49% | Oct 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $170 → $166 | Buy | Maintains | $170 → $166 | +8.19% | Oct 23, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $174 → $170 | Buy | Maintains | $174 → $170 | +10.79% | Oct 9, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $175 → $160 | Hold | Maintains | $175 → $160 | +4.28% | Sep 18, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $176 → $170 | Buy | Maintains | $176 → $170 | +10.79% | Sep 18, 2024 |
Financial Forecast
Revenue This Year
30.93B
from 34.71B
Decreased by -10.89%
Revenue Next Year
31.29B
from 30.93B
Increased by 1.14%
EPS This Year
8.67
from 18.00
Decreased by -51.82%
EPS Next Year
9.45
from 8.67
Increased by 9.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.4B | 36.1B | 37.6B |
| Avg | 30.9B | 31.3B | 33.3B |
| Low | 29.7B | 28.4B | 29.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -6.5% | 16.8% | 20.3% |
| Avg | -10.9% | 1.1% | 6.5% |
| Low | -14.5% | -8.3% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.77 | 12.18 | 14.69 |
| Avg | 8.67 | 9.45 | 12.22 |
| Low | 7.99 | 6.62 | 9.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -45.8% | 40.4% | 55.4% |
| Avg | -51.8% | 9.0% | 29.3% |
| Low | -55.6% | -23.7% | -4.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.