Nucor Corporation (NUE)
NYSE: NUE · IEX Real-Time Price · USD
171.01
-1.11 (-0.64%)
May 20, 2024, 3:59 PM EDT - Market closed
Nucor Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Nucor stock have an average target of 190.75, with a low estimate of 151 and a high estimate of 240. The average target predicts an increase of 11.54% from the current stock price of 171.01.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Nucor stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 7 | 7 | 4 | 5 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 9 | 9 | 7 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $190 | Hold | Initiates | $190 | +11.10% | May 20, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $210 → $200 | Hold | Maintains | $210 → $200 | +16.95% | Apr 24, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $195 → $190 | Hold | Maintains | $195 → $190 | +11.10% | Apr 24, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $180 → $195 | Hold | Maintains | $180 → $195 | +14.03% | Apr 16, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $180 → $240 | Hold → Strong Buy | Upgrades | $180 → $240 | +40.34% | Mar 13, 2024 |
Financial Forecast
Revenue This Year
32.77B
from 34.71B
Decreased by -5.60%
Revenue Next Year
32.79B
from 32.77B
Increased by 0.05%
EPS This Year
13.20
from 18.00
Decreased by -26.68%
EPS Next Year
13.30
from 13.20
Increased by 0.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.6B | 36.9B | 39.5B |
| Avg | 32.8B | 32.8B | 35.1B |
| Low | 30.3B | 29.7B | 30.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.5% | 12.6% | 20.6% |
| Avg | -5.6% | 0.1% | 7.0% |
| Low | -12.7% | -9.4% | -8.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.23 | 15.96 | 15.49 |
| Avg | 13.20 | 13.30 | 13.99 |
| Low | 11.76 | 10.83 | 12.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -15.4% | 20.9% | 16.5% |
| Avg | -26.7% | 0.8% | 5.2% |
| Low | -34.7% | -17.9% | -5.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.