# Nucor Corporation  Share Price Target ‘$189.06’, now 7.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/nucor-corporation-share-price-target-189.06-now-7.9-upside-potential/4121154237
- Published: 2024-05-01T14:56:10+01:00
- Author: Charlotte Edwards

**Nucor Corporation** with ticker code (NUE) now have 10 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between $240.00 and $39.00 and has a mean share
price target at $189.06. (at the time of writing). Now with the previous closing
price of $175.24 this is indicating there is a potential upside of 7.9%. The 50 
day moving average now sits at $189.83 while the 200 day moving average is $171.31.
The market cap for the company is 40.44B. The stock price is currently at: $168.53
USD

 The potential market cap would be $43,633,363,109 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 9.91, revenue per share of $138.14 and a 10.96% 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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