Nucor Corporation (NUE)
NYSE: NUE · Real-Time Price · USD
148.17
+3.49 (2.41%)
Nov 20, 2024, 4:00 PM EST - Market closed

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 28.62% from the current stock price of 148.17.

Analyst Consensus: Buy
Target Low Average Median High
Price $160 $190.57 $190 $240
Change +7.98% +28.62% +28.23% +61.98%

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 '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 333333
Buy 101222
Hold 554322
Sell 000000
Strong Sell 000000
Total 988877

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Buy
Maintains
$170$168
Buy Maintains $170$168 +13.38% Oct 23, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$170$166
Buy Maintains $170$166 +12.03% Oct 23, 2024
JP Morgan
JP Morgan
Buy
Maintains
$174$170
Buy Maintains $174$170 +14.73% Oct 9, 2024
BMO Capital
BMO Capital
Hold
Maintains
$175$160
Hold Maintains $175$160 +7.98% Sep 18, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$176$170
Buy Maintains $176$170 +14.73% Sep 18, 2024
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
22.59B20.14B36.48B41.51B34.71B30.93B31.29B33.33B
Revenue Growth
-9.89%-10.84%81.15%13.78%-16.38%-10.89%1.14%6.54%
EPS
4.142.3623.1628.7918.008.679.4512.22
EPS Growth
-44.27%-42.85%879.50%24.29%-37.47%-51.82%9.01%29.27%
Forward PE
-----17.0815.6712.12
No. Analysts -----161611
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
-6.5%
16.8%
20.3%
Avg
-10.9%
1.1%
6.5%
Low
-14.5%
-8.3%
-4.4%

EPS Forecast

EPS 202420252026
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 202420252026
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.