Stock To Watch: Nucor Corporation (NYSE:NUE)


The leading market experts have placed a mean price target of $53.73 on Nucor Corporation (NYSE:NUE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.95 a share for the upcoming quarter and $2.59 for the current fiscal. Technical View The technical analysis of Nucor Corporation Common Stock plainly substantiates that the 50-day moving average of Nucor Corporation Common Stock is $50.73, and stock is hovering 5.94 or +11.71% distant from $50.73. It is noted that the 200-day MA is $45.35, and Nucor Corporation Common Stock stock is $11.32 or +24.96% off from this point. Nucor Corporation (NYSE:NUE) 52-week high is $57.08 and the 52-week low is $33.90. This explains if the stock moves $-0.41, it will post a 52-week high. In event of $+67.17% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Nucor Corporation Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Nucor Corporation (NYSE:NUE) ratio came in at 50.60. The stock last ended the trading session at $56.67 and registered a market cap of $18.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Nucor Corporation (NYSE:NUE) PEG ratio is at 1.04.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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