# Nucor Corporation – Consensus ‘buy’ rating and -3.1% Downside Potential

- Link: https://www.directorstalkinterviews.com/nucor-corporation-consensus-buy-rating-and-3.1-downside-potential/4121134789
- Published: 2023-12-01T11:35:34+00:00
- Author: Charlotte Edwards

**Nucor Corporation** which can be found using ticker (NUE) have now 8 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between $190.00 and $39.00
and has a mean target at $158.75. Given that the stocks previous close was at $163.78
this would indicate that there is a downside of -3.1%. Also worth taking note is
the 50 day moving average now sits at $153.05 while the 200 day moving average is
$155.79. The company has a market capitalization of 41.79B. The current share price
for the company is: $169.97 USD

 The potential market cap would be $40,501,952,039 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 8.6, 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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