# Nucor Corporation – Consensus ‘hold’ rating and -5.1% Downside Potential

- Link: https://www.directorstalkinterviews.com/nucor-corporation-consensus-hold-rating-and-5.1-downside-potential/4121126244
- Published: 2023-08-30T12:49:06+01:00
- Author: Charlotte Edwards

**Nucor Corporation** with ticker code (NUE) have now 11 analysts in total covering
the stock. The consensus rating is pointing to ‘hold’. The target price High/Low
ranges between 191 and 39 calculating the mean target price we have $158.36. Given
that the stocks previous close was at $166.94 this is indicating there is a potential
downside of -5.1%. Also worth taking note is the 50 day moving average now sits 
at $165.89 and the 200 day MA is $154.06. The total market capitalization for the
company now stands at 42.71B. The stock price is currently at: 171.72 USD

 The potential market cap would be $40,515,401,701 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 7.89, revenue per share of 147.14 and a 14.59% 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.

Share on: