Nucor Corporation (NUE)
NYSE: NUE · Real-Time Price · USD
116.58
+0.80 (0.69%)
At close: Dec 20, 2024, 4:00 PM
116.71
+0.13 (0.11%)
After-hours: Dec 20, 2024, 5:09 PM EST
Nucor Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Nucor stock have an average target of 173.75, with a low estimate of 156 and a high estimate of 200. The average target predicts an increase of 49.04% from the current stock price of 116.58.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Nucor stock from 8 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 1 | 2 | 2 | 2 | 2 |
| Hold | 5 | 4 | 3 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $240 → $160 | Strong Buy | Maintains | $240 → $160 | +37.24% | Dec 19, 2024 |
| UBS | UBS | Strong Buy → Hold Downgrades $171 → $156 | Strong Buy → Hold | Downgrades | $171 → $156 | +33.81% | Dec 12, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $190 | Strong Buy | Initiates | $190 | +62.98% | Dec 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $170 → $168 | Buy | Maintains | $170 → $168 | +44.11% | Oct 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $170 → $166 | Buy | Maintains | $170 → $166 | +42.39% | Oct 23, 2024 |
Financial Forecast
Revenue This Year
30.88B
from 34.71B
Decreased by -11.03%
Revenue Next Year
31.22B
from 30.88B
Increased by 1.08%
EPS This Year
8.61
from 18.00
Decreased by -52.19%
EPS Next Year
9.14
from 8.61
Increased by 6.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.5B | 36.1B | 37.6B |
| Avg | 30.9B | 31.2B | 33.6B |
| Low | 29.6B | 28.1B | 30.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -6.4% | 17.0% | 20.6% |
| Avg | -11.0% | 1.1% | 7.6% |
| Low | -14.7% | -9.0% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.14 | 12.18 | 14.69 |
| Avg | 8.61 | 9.14 | 12.06 |
| Low | 7.99 | 6.48 | 9.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -49.3% | 41.5% | 60.7% |
| Avg | -52.2% | 6.2% | 31.9% |
| Low | -55.6% | -24.7% | -1.5% |
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.