The leading market experts have placed a mean price target of $54.46 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 $0.79 a share for the upcoming quarter and $2.75 for the current fiscal.
The technical analysis of Nucor Corporation Common Stock plainly substantiates that the 50-day moving average of Nucor Corporation Common Stock is $52.56, and stock is trading $-4.08 points away or -7.75% from its 50-day moving average of $52.56. Further it is trading $-0.17 or -0.35% away its 200-day moving average of $48.65. Nucor Corporation (NYSE:NUE) 52-week high is $57.08 and the 52-week low is $33.90.
This explains if the stock moves $-8.60, it will post a 52-week high. In event of +43.01% 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 33.23.
The stock last ended the trading session at $48.48 and registered a market cap of $15.43B. 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 0.74.
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...