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Nucor - NUE Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $173.75
  • Forecasted Upside: 49.04%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 5 Buy Ratings
  • 1 Strong Buy Ratings
$116.58 As of 12/20/2024 06:45 PM ET
▲ +0.8 (0.69%)

This chart shows the closing price for NUE by one month, three months, or twelve months.

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Analyst Price Target for NUE

Analyst Price Target is $173.75
▲ +49.04% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Nucor in the last 3 months. The average price target is $173.75, with a high forecast of $200.00 and a low forecast of $156.00. The average price target represents a 49.04% upside from the last price of $116.58.

This chart shows the closing price for NUE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 9 contributing investment analysts is to moderate buy stock in Nucor. This rating has held steady since July 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 1 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 1 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/19/2024CitigroupLower TargetBuy ➝ Buy$240.00 ➝ $160.00
12/12/2024UBS GroupReiterated RatingBuy ➝ Neutral$171.00 ➝ $156.00
12/2/2024The Goldman Sachs GroupInitiated CoverageBuy$190.00
10/23/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$170.00 ➝ $168.00
10/23/2024Morgan StanleyLower TargetOverweight ➝ Overweight$170.00 ➝ $166.00
10/9/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$174.00 ➝ $170.00
9/18/2024BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$175.00 ➝ $160.00
9/18/2024Morgan StanleyLower TargetOverweight ➝ Overweight$176.00 ➝ $170.00
9/9/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$170.00 ➝ $174.00
8/26/2024ArgusUpgradeStrong-Buy
8/15/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$187.00 ➝ $176.00
7/16/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$180.00 ➝ $170.00
6/26/2024Bank of AmericaLower TargetBuy ➝ Buy$210.00 ➝ $200.00
6/17/2024BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$185.00 ➝ $175.00
6/11/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$190.00 ➝ $180.00
5/20/2024Jefferies Financial GroupInitiated CoverageHold$190.00
4/24/2024BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$210.00 ➝ $200.00
4/24/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$195.00 ➝ $190.00
4/16/2024JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$180.00 ➝ $195.00
3/13/2024CitigroupUpgradeNeutral ➝ Buy$180.00 ➝ $240.00
1/16/2024UBS GroupInitiated CoverageBuy$210.00
12/12/2023JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$151.00 ➝ $158.00
10/31/2023Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$162.00 ➝ $154.00
10/16/2023JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$151.00
9/8/2023JPMorgan Chase & Co.Boost TargetUnderweight ➝ Underweight$150.00 ➝ $151.00
7/27/2023CitigroupBoost TargetNeutral$160.00 ➝ $180.00
7/14/2023JPMorgan Chase & Co.Boost Target$130.00 ➝ $145.00
7/11/2023Credit Suisse GroupBoost Target$156.00 ➝ $167.00
7/5/2023BNP ParibasUpgradeNeutral ➝ Outperform$191.00
6/1/2023Wolfe ResearchUpgradeUnderperform ➝ Peer Perform
5/23/2023JPMorgan Chase & Co.Initiated CoverageUnderweight$130.00
5/5/2023UBS GroupLower Target$145.00 ➝ $140.00
3/17/2023Credit Suisse GroupBoost TargetOutperform$140.00 ➝ $156.00
3/10/2023The Goldman Sachs GroupBoost TargetNeutral$144.00 ➝ $161.00
1/30/2023Morgan StanleyBoost TargetEqual Weight$113.00 ➝ $122.00
1/27/2023BMO Capital MarketsBoost TargetMarket Perform$155.00 ➝ $165.00
1/4/2023Bank of AmericaInitiated CoverageBuy ➝ Buy$172.00
12/6/2022UBS GroupBoost TargetNeutral$120.00 ➝ $145.00
11/9/2022BMO Capital MarketsBoost TargetMarket Perform$113.00 ➝ $142.00
10/24/2022Morgan StanleyLower TargetEqual Weight$115.00 ➝ $113.00
10/6/2022The Goldman Sachs GroupLower TargetNeutral$127.00 ➝ $114.00
9/16/2022Credit Suisse GroupLower TargetOutperform$165.00 ➝ $140.00
9/13/2022CitigroupBoost Target$145.00
7/25/2022Morgan StanleyLower TargetEqual Weight$121.00 ➝ $115.00
7/6/2022Morgan StanleyLower TargetEqual Weight$144.00 ➝ $121.00
6/20/2022UBS GroupSet Target$120.00
6/14/2022JPMorgan Chase & Co.Lower TargetNeutral$146.00 ➝ $125.00
5/31/2022The Goldman Sachs GroupLower TargetNeutral$148.00 ➝ $130.00
5/17/2022BMO Capital MarketsLower Target$168.00 ➝ $128.00
4/25/2022ArgusBoost TargetBuy$140.00 ➝ $190.00
4/22/2022The Goldman Sachs GroupBoost TargetNeutral$134.00 ➝ $148.00
4/22/2022BMO Capital MarketsBoost Target$152.00 ➝ $168.00
4/22/2022Credit Suisse GroupBoost TargetOutperform$142.00 ➝ $175.00
3/24/2022JPMorgan Chase & Co.Boost TargetNeutral$113.00 ➝ $129.00
2/16/2022The Goldman Sachs GroupBoost TargetNeutral$114.00 ➝ $120.00
1/31/2022Morgan StanleyBoost TargetEqual Weight$107.00 ➝ $108.00
1/11/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$102.00
11/16/2021Wolfe ResearchInitiated CoverageMarket Perform$104.00
11/9/2021CitigroupDowngradeBuy ➝ Neutral$105.00 ➝ $120.00
10/26/2021Morgan StanleyBoost TargetEqual Weight$105.00 ➝ $107.00
10/6/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$123.00 ➝ $108.00
9/17/2021Credit Suisse GroupReiterated RatingBuy$142.00
9/15/2021Deutsche Bank AktiengesellschaftBoost TargetHold$100.00 ➝ $130.00
8/24/2021ArgusBoost TargetPositive ➝ Buy$110.00 ➝ $140.00
8/23/2021Seaport Res PtnReiterated RatingBuy
7/1/2021Deutsche Bank AktiengesellschaftBoost TargetHold$75.00 ➝ $100.00
6/16/2021JPMorgan Chase & Co.Initiated CoverageNeutral$114.00
6/14/2021Morgan StanleyBoost TargetEqual Weight$95.00 ➝ $101.00
5/14/2021BMO Capital MarketsBoost TargetMarket Perform$86.00 ➝ $110.00
5/11/2021Morgan StanleyBoost TargetEqual Weight$71.00 ➝ $95.00
4/20/2021Bank of AmericaUpgradeUnderperform ➝ Neutral$56.00 ➝ $80.00
4/9/2021The Goldman Sachs GroupInitiated CoverageBuy$86.00
3/19/2021ArgusUpgradeHold ➝ Buy$85.00
3/17/2021BMO Capital MarketsBoost TargetFair Value ➝ Market Perform$63.00 ➝ $75.00
3/12/2021Morgan StanleyBoost TargetEqual Weight$60.00 ➝ $71.00
2/3/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$48.00 ➝ $63.00
12/9/2020Morgan StanleyInitiated CoverageEqual Weight$60.00
10/23/2020BMO Capital MarketsBoost TargetMarket Perform$50.00 ➝ $54.00
10/15/2020Exane BNP ParibasDowngradeOutperform ➝ Neutral$48.00
10/15/2020BNP ParibasDowngradeOutperform ➝ Neutral$48.00
10/2/2020UBS GroupBoost Target$39.00 ➝ $48.00
10/1/2020Deutsche Bank AktiengesellschaftBoost TargetHold$42.00 ➝ $46.00
9/18/2020BMO Capital MarketsBoost TargetFair Value ➝ Market Perform$46.00 ➝ $50.00
8/11/2020ArgusReiterated RatingBuy ➝ Hold
6/19/2020BMO Capital MarketsBoost TargetFair Value ➝ Market Perform$42.00 ➝ $46.00
6/10/2020KeyCorpBoost TargetOverweight$45.00 ➝ $49.00
5/14/2020UBS GroupLower TargetNeutral$56.00 ➝ $39.00
5/13/2020KeyCorpLower TargetOverweight$49.00 ➝ $45.00
4/29/2020BMO Capital MarketsBoost TargetMarket Perform$35.00 ➝ $42.00
4/17/2020JPMorgan Chase & Co.Lower TargetOverweight$57.00 ➝ $42.00
4/15/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral
3/30/2020Deutsche Bank AktiengesellschaftUpgradeSell ➝ Hold$45.00 ➝ $37.00
3/30/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$55.00 ➝ $41.00
3/24/2020KeyCorpLower TargetOverweight$60.00 ➝ $43.00
3/20/2020BMO Capital MarketsLower TargetMarket Perform$57.00 ➝ $30.00
3/20/2020Credit Suisse GroupLower TargetOutperform$57.00 ➝ $54.00
2/18/2020KeyCorpLower TargetOverweight$62.00 ➝ $60.00
1/31/2020The Goldman Sachs GroupDowngradeBuy ➝ Neutral$60.00 ➝ $55.00
1/29/2020Credit Suisse GroupLower TargetOutperform$61.00 ➝ $57.00
1/29/2020Deutsche Bank AktiengesellschaftDowngradeHold ➝ Sell
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.04 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 28 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 25 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 23 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 23 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
8/23/2024
  • 31 very positive mentions
  • 18 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 25 very positive mentions
  • 8 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 48 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 56 very positive mentions
  • 19 positive mentions
  • 8 negative mentions
  • 1 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 56 very positive mentions
  • 19 positive mentions
  • 8 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Nucor logo
Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for used in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It markets its products through in-house sales force; and internal distribution and trading companies. Nucor Corporation was founded in 1905 and is headquartered in Charlotte, North Carolina.
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Today's Range

Now: $116.58
Low: $113.94
High: $117.92

50 Day Range

MA: $145.93
Low: $115.78
High: $167.74

52 Week Range

Now: $116.58
Low: $113.94
High: $203.00

Volume

10,327,461 shs

Average Volume

1,634,479 shs

Market Capitalization

$27.37 billion

P/E Ratio

11.26

Dividend Yield

1.74%

Beta

1.55

Frequently Asked Questions

What sell-side analysts currently cover shares of Nucor?

The following Wall Street research analysts have issued reports on Nucor in the last twelve months: Argus, Bank of America Co., BMO Capital Markets, Citigroup Inc., Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, StockNews.com, The Goldman Sachs Group, Inc., and UBS Group AG.
View the latest analyst ratings for NUE.

What is the current price target for Nucor?

0 Wall Street analysts have set twelve-month price targets for Nucor in the last year. Their average twelve-month price target is $173.75, suggesting a possible upside of 49.0%. Bank of America Co. has the highest price target set, predicting NUE will reach $200.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $156.00 for Nucor in the next year.
View the latest price targets for NUE.

What is the current consensus analyst rating for Nucor?

Nucor currently has 3 hold ratings, 5 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for NUE.

What other companies compete with Nucor?

Other companies that are similar to Nucor include Steel Dynamics, Reliance, Carpenter Technology, ATI and United States Steel. Learn More about companies similar to Nucor.

How do I contact Nucor's investor relations team?

Nucor's physical mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company's listed phone number is (704) 366-7000 and its investor relations email address is [email protected]. The official website for Nucor is www.nucor.com. Learn More about contacing Nucor investor relations.