Weekly Investment Analysts’ Ratings Changes for Nucor (NUE)

Nucor (NYSE: NUE) recently received a number of ratings updates from brokerages and research firms:

  • 2/6/2018 – Nucor had its price target lowered by analysts at Morgan Stanley from $70.00 to $68.00. They now have a “hold” rating on the stock.
  • 2/2/2018 – Nucor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nucor’s adjusted earnings and sales in fourth-quarter 2017 beat the respective Zacks Consensus Estimate. Nucor remains committed to expand its production capabilities and grow its business through strategic acquisitions. It is also seeing continued momentum in the automotive market. However, Nucor has underperformed the industry it belongs to over the past six months. The U.S. steel industry is not out of the woods yet. The industry continues to be adversely affected by high levels of cheaper imports. This is likely to hurt margins in the Steel Mills unit in the first quarter of 2018. The company is also seeing demand weakness in certain markets including non-residential construction.”
  • 1/31/2018 – Nucor had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $76.00 price target on the stock.
  • 1/31/2018 – Nucor had its price target raised by analysts at BMO Capital Markets to $72.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/31/2018 – Nucor had its price target raised by analysts at Credit Suisse Group AG from $67.00 to $73.00. They now have an “outperform” rating on the stock.
  • 1/9/2018 – Nucor had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $77.00 price target on the stock.
  • 1/8/2018 – Nucor was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $76.00 price target on the stock. According to Zacks, “Nucor remains committed to expand its production capabilities and grow its business through strategic acquisitions. It is also seeing continued momentum in the automotive market. However, Nucor has underperformed the industry it belongs to over the past six months. The U.S. steel industry is not out of the woods yet. The industry continues to be adversely affected by cheaper imports. Weakness in plate mills is also likely to weigh on the company’s steel mills unit in fourth-quarter 2017.”
  • 1/8/2018 – Nucor was given a new $75.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 12/31/2017 – Nucor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/26/2017 – Nucor was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Estimates for Nucor for the fourth quarter and current year have been going down lately. Nucor has underperformed the industry it belongs to over the past six months. The U.S. steel industry is not out of the woods yet. The industry continues to be adversely affected by cheaper imports. Weakness in plate mills is also likely to weigh on the company’s steel mills unit in fourth-quarter 2017.”
  • 12/20/2017 – Nucor was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating.

Shares of Nucor Co. (NUE) traded up $1.01 during trading hours on Monday, hitting $62.78. 789,938 shares of the stock traded hands, compared to its average volume of 3,158,653. The firm has a market capitalization of $20,060.00, a P/E ratio of 15.31, a PEG ratio of 1.05 and a beta of 1.56. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. Nucor Co. has a 52 week low of $51.67 and a 52 week high of $70.48.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.10. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. sell-side analysts expect that Nucor Co. will post 4.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, December 29th were paid a $0.38 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, December 28th. This represents a $1.52 annualized dividend and a yield of 2.42%. Nucor’s dividend payout ratio (DPR) is 37.07%.

In other Nucor news, EVP Robert J. Stratman sold 39,037 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now owns 233,824 shares in the company, valued at approximately $14,936,677.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes 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, wire rod and special bar quality).

Receive News & Ratings for Nucor Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply