Nucor Corporation (NYSE:NUE) plunged -0.40% during previous trade, a total of 1.48M shares exchanged hands compared with its average trading volume of 2.96M shares whereas its relative volume is 0.46. The stock has a market capitalization of $19.15B along with 318.49M outstanding shares. Stock’s intraday price range hit the peak level of $61.28 and touched the lowest level of $60.17.
Most recently Nucor Corporation (NYSE:NUE)’s price target was revised on 1/9/17 and according to 17 analysts stock’s price will reach at $63.53 during 52 weeks with standard deviation of 11.14. Stock’s minimum price target estimates has been figured out at $45 while the maximum price target forecast is established at $78, if we look at the price target with an optimistic approach it has upside potential of 29% from its latest closing price of $33.90.
Historically, if we look at price target revisions, two weeks ago Nucor Corporation (NYSE:NUE)’s price target was revised on 12/21/16 by the analysts, however the bullish price estimates of the stock set at $83 while the bearish estimates kept at $44 over the next one year. Stock’s 52-week target was retained at $65.18, the estimates indicates a standard deviation of 12.39.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.00. ABR value is precisely based on brokerage recommendations, where out of 12 brokerage recommendations 8 rate Nucor Corporation (NYSE:NUE) stock a Strong Buy, 0 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 2 recommend a Strong Sell. Most recently on 1/9/17 the stock of Nucor Corporation (NYSE:NUE) upgraded by KeyBanc Capital Mkts from Sector Weight to Overweight. However previously on 12/6/16 it was upgraded by Berenberg from Hold to Buy. A research note issued on 11/29/16 the stock was downgraded by Macquarie from Neutral to Underperform.
Nucor Corporation (NYSE:NUE) performance over the past one year advanced 71.75% whereas its year to date (YTD) performance indicated a bullish trend of 1.43%. During the last six months the stock slipped 8.01%. Quarterly performance of the company shows optimistic momentum of 30.51% while its last one month trend is negative with -4.24%. Stock’s weekly performance expressed up trend of 0.13%.
The company’s price sits 0.82% above from its 50-day moving average of $62.13 and 17.23% far from the stock’s 200-day moving average which is $53.86. Nucor Corporation (NYSE:NUE)’s shares are currently trading -10.67% away from the 52-week high price of $67.58 and +83.50% far from the 52-week low price of $32.90.
According to consensus agreement of 13 analysts Nucor Corporation (NYSE:NUE) will report earnings per share of $0.37 in their quarterly report and it is expected to announce the company’s results on 1/31/17Before Market Open. For the current quarter the company has high EPS estimates of $0.54 in contradiction of low EPS estimates of $0.3. However a year ago for the same quarter the company has reported $0.46 EPS. Current year EPS projections for Nucor Corporation (NYSE:NUE) set at $2.25 according to the sentiments of 11 analysts, while its lowest earnings estimates are $2.1 and highest earnings estimates are $2.5.
According to 9 analysts, Nucor Corporation (NYSE:NUE)’s revenue estimates for the current quarter are $3.78B meanwhile the company has high revenue estimates of $4.1B in contradiction of low revenue estimates of $3.3B. For the current year the company’s revenue estimates are $16.03B compared to low analyst estimates of $15.55B and high estimates of $16.35B according to the projection of 13 analysts.