Buzzing Stock: Nucor Corporation (NYSE:NUE)


As per the research groups listed in Thomson Reuters survey, Nucor Corporation (NYSE:NUE), the stock can touch mean price target of $53.000 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.870 per share in looming quarter and $2.500 during current fiscal. Technical Forecast While evaluating Nucor Corporation Common Stock on the technical side, it is seen that the firm’s shares price is at $1.190, which is +2.438% off 50-day MA of $48.805. The stock is $5.627, which is +12.683% off $44.368, which is 200-day MA of Nucor Corporation Common Stock. MA here stands for moving average. Nucor Corporation (NYSE:NUE) stock made a high of $51.990 in last 12-months while the lowest level in same period was $33.900. It entails if stock price makes a movement of over $-1.995, it will make a new 52-week high. In the case of $+47.478% points decline, it will touch a new 52-week low. Valuation Level The valuation of Nucor Corporation Common Stock is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Nucor Corporation (NYSE:NUE) P/E ratio is 44.638. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Nucor Corporation Common Stock it stands at 0.960.

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