# Nucor Corporation – Consensus ‘buy’ rating and 2.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/nucor-corporation-consensus-buy-rating-and-2.0-upside-potential/4121132931
- Published: 2023-11-16T13:43:11+00:00
- Author: Charlotte Edwards

**Nucor Corporation** with ticker code (NUE) now have 8 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges between $185.00 and $39.00 and has a mean target at $158.13. Given
that the stocks previous close was at $154.98 and the analysts are correct then 
there would likely be a percentage uptick in value of 2.0%. The 50 day moving average
now sits at $153.32 and the 200 day moving average is $156.30. The company has a
market capitalization of 38.49B. The stock price for the company is currently $156.57
USD

 The potential market cap would be $39,273,354,964 based on the market consensus.

The company has a dividend yield of 1.35%. Other points of data to note are a P/
E ratio of 7.92, revenue per share of $141.84 and a 12.76% return on assets.

Nucor Corporation is focused on manufacturing steel and steel products that produces
direct reduced iron (DRI) for use in its steel mills. The Company’s segments include
Steel Mills, Steel Products and Raw Materials. The Steel Mills segment produces 
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 and engineered special bar quality(
SBQ). The Steel Products segment produces steel joists and joist girders, steel 
deck, hollow structural section steel tubing, electrical conduit, fabricated concrete
reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded
metal, wire and wire mesh, metal building systems and others. The Raw Materials 
segment DRI; brokers ferrous and nonferrous metals, pig iron, hot briquetted iron
and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal.

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