Nucor Corporation (NUE)
NYSE: NUE · IEX Real-Time Price · USD
162.50
-3.17 (-1.91%)
At close: Jul 19, 2024, 4:00 PM
163.00
+0.50 (0.31%)
Pre-market: Jul 22, 2024, 7:37 AM EDT
Nucor Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Nucor stock have an average target of 186.25, with a low estimate of 151 and a high estimate of 240. The average target predicts an increase of 14.62% from the current stock price of 162.50.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 7 | 4 | 5 | 6 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 7 | 8 | 9 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $180 → $170 | Hold | Maintains | $180 → $170 | +4.62% | Jul 16, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $210 → $200 | Strong Buy | Maintains | $210 → $200 | +23.08% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $185 → $175 | Hold | Maintains | $185 → $175 | +7.69% | Jun 17, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $190 → $180 | Hold | Maintains | $190 → $180 | +10.77% | Jun 11, 2024 |
| Jefferies | Jefferies | Hold Initiates $190 | Hold | Initiates | $190 | +16.92% | May 20, 2024 |
Financial Forecast
Revenue This Year
31.83B
from 34.71B
Decreased by -8.30%
Revenue Next Year
32.50B
from 31.83B
Increased by 2.11%
EPS This Year
12.20
from 18.00
Decreased by -32.23%
EPS Next Year
12.72
from 12.20
Increased by 4.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 34.8B | 37.3B | 37.9B |
| Avg | 31.8B | 32.5B | 34.7B |
| Low | 29.6B | 29.1B | 31.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.2% | 17.3% | 16.7% |
| Avg | -8.3% | 2.1% | 6.9% |
| Low | -14.7% | -8.5% | -2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.77 | 17.66 | 15.76 |
| Avg | 12.20 | 12.72 | 13.46 |
| Low | 10.92 | 8.28 | 11.03 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -23.5% | 44.8% | 23.9% |
| Avg | -32.2% | 4.2% | 5.9% |
| Low | -39.3% | -32.1% | -13.2% |
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.