Nucor Corporation (NYSE:NUE) Has Recovered 56.8% So Far, But Another -17.15% Loss Cannot Be Ruled Out – Marketing Sentinel
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Nucor Corporation (NYSE:NUE) Has Recovered 56.8% So Far, But Another -17.15% Loss Cannot Be Ruled Out

In recent trading session, Nucor Corporation (NYSE:NUE) saw 0.54 million shares changing hands at last check today with its beta currently measuring 1.43. Company’s recent per share price level of $110.97 trading at -$1.75 or -1.55% at last check today assigns it a market valuation of $32.82B. That most recent trading price of NUE’s stock is at a discount of -16.08% from its 52-week high price of $128.81 and is indicating a premium of 56.8% from its 52-week low price of $47.94. Taking a look at company’s average trading volume of 3.35 million if we extend that period to 3-months.

For Nucor Corporation (NUE), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $7.89 in the current quarter.

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Nucor Corporation (NYSE:NUE) trade information

Upright in the red during last session for losing -1.55%, in the last five days NUE remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $110.97 price level, adding 4.48% to its value on the day. Nucor Corporation’s shares saw a change of -1.25% in year-to-date performance and have moved -3.33% in past 5-day. Nucor Corporation (NYSE:NUE) showed a performance of -4.81% in past 30-days.

Wall Street analysts have assigned a consensus price target of $112.70 to the stock, which implies a rise of 1.54% to its recent value today. Analysts have been projecting $98.00 as a low price target for the stock while placing it at a high target of $130.00. It follows that stock’s current price would drop -17.15% in reaching the projected high whereas dropping to the targeted low would mean a gain of 11.69% for stock’s current value.

Nucor Corporation (NUE) estimates and forecasts

Statistics highlight that Nucor Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 22.47% of value to its shares in past 6 months, showing an annual growth rate of 597.60% while that of industry is -9.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 511.60% in the current quarter and calculating 123.70% increase in the next quarter. This year revenue growth is estimated to rise 81.20% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $10.55 billion for the same. And 3 analysts are in estimates of company making revenue of $10.23 billion in the next quarter that will end on Mar 2022. Company posted $5.26 billion and $7.19 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 100.50% while estimating it to be 42.30% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 57.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -42.90% while estimates for its earnings growth in next 5 years are of 34.99%.

NUE Dividends

Nucor Corporation is more likely to be releasing its next quarterly report on January 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Nucor Corporation (NYSE:NUE)’s Major holders

Insiders are in possession of 0.50% of company’s total shares while institution are holding 81.59 percent of that, with stock having share float percentage of 81.99%. Investors also watch the number of corporate investors in a company very closely, which is 81.59% institutions for Nucor Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at NUE for having 36.8 million shares of worth $3.62 billion. And as of Sep 29, 2021, it was holding 12.88% of the company’s outstanding shares.

The second largest institutional holder is State Farm Mutual Automobile Insurance Co, which was holding about 27.24 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.53% of outstanding shares, having a total worth of $2.68 billion.

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On the other hand, Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 8.85 million shares of worth $988.01 million or 3.10% of the total outstanding shares. The later fund manager was in possession of 8.29 million shares on Sep 29, 2021, making its stake of worth around $816.77 million in the company or a holder of 2.90% of company’s stock.

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