How Analysts Feel About Nucor Corporation (NYSE:NUE)?

December 7, 2017 - By Maria Brooks

 How Analysts Feel About Nucor Corporation (NYSE:NUE)?
Investors sentiment decreased to 1.24 in Q2 2017. Its down 0.08, from 1.32 in 2017Q1. It worsened, as 57 investors sold Nucor Corporation shares while 200 reduced holdings. 94 funds opened positions while 224 raised stakes. 235.76 million shares or 1.71% less from 239.86 million shares in 2017Q1 were reported.
Los Angeles Capital & Equity Research reported 0% stake. Numeric Invsts Limited Liability owns 8,600 shares. Oakbrook Investments Limited Liability owns 19,995 shares or 0.08% of their US portfolio. The Illinois-based Calamos Advsrs Ltd Liability Corporation has invested 0.07% in Nucor Corporation (NYSE:NUE). Whittier Tru Co Of Nevada holds 0% in Nucor Corporation (NYSE:NUE) or 350 shares. First Merchants stated it has 0.29% of its portfolio in Nucor Corporation (NYSE:NUE). 15,387 are held by Boltwood Capital. Nuveen Asset Lc reported 0% stake. James Invest Rech Inc reported 20,505 shares stake. Eaton Vance owns 382,399 shares. Utd Serv Automobile Association has invested 0.03% in Nucor Corporation (NYSE:NUE). Amer Group has 0.03% invested in Nucor Corporation (NYSE:NUE) for 158,971 shares. Nomura holds 70,064 shares. Norinchukin Fincl Bank The reported 22,141 shares stake. Citizens & Northern owns 20,845 shares.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Nucor Corporation had 71 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Buy” rating in Friday, October 20 report. On Wednesday, July 6 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was maintained by Barclays Capital on Monday, February 6 with “Overweight”. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 12. Morgan Stanley downgraded Nucor Corporation (NYSE:NUE) on Tuesday, September 12 to “Equal-Weight” rating. The firm earned “Hold” rating on Monday, November 14 by Berenberg. The rating was maintained by Jefferies with “Buy” on Wednesday, September 16. Jefferies maintained Nucor Corporation (NYSE:NUE) on Wednesday, October 4 with “Buy” rating. Cowen & Co maintained it with “Hold” rating and $63.0 target in Thursday, August 31 report. The firm has “Neutral” rating given on Monday, August 22 by Citigroup. Below is a list of Nucor Corporation (NYSE:NUE) latest ratings and price target changes.

17/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain
23/10/2017 Broker: Cowen & Co Rating: Hold New Target: $63.0 Maintain
20/10/2017 Broker: Bank of America Rating: Buy Old Target: $73 New Target: $71 Maintain
20/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $63 New Target: $67 Maintain
20/10/2017 Broker: Citigroup Rating: Buy Old Target: $65 New Target: $66 Maintain
19/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
17/10/2017 Broker: Jefferies Rating: Buy New Target: $67.0 Maintain
04/10/2017 Broker: Jefferies Rating: Buy New Target: $68.0 Maintain
02/10/2017 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
28/09/2017 Broker: Credit Suisse Rating: Buy New Target: $63.0 Maintain

The stock increased 1.12% or $0.65 during the last trading session, reaching $58.59. About 2.23 million shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since December 7, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $18.63 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.45 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

More recent Nucor Corporation (NYSE:NUE) news were published by: which released: “Nucor to Build Merchant Bar Mill at Nucor Steel Kankakee, Inc.” on November 15, 2017. Also published the news titled: “Where Will Nucor Corporation Be in 10 Years?” on November 27, 2017.‘s news article titled: “Nucor Corporation Eyes Sedalia, Missouri, Rebar Micro Mill” with publication date: November 22, 2017 was also an interesting one.

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