Last Updated: 13 Sep 2024
Executive Summary
Nucor Corp (NUE) is a leading steel producer with a strong financial position and a track record of consistent growth. The company's shares are currently trading at $140.6, below the analyst target price of $169.52. Based on the company's fundamentals and technical analysis, we believe that NUE is a good investment for both short-term and long-term investors.
Company Overview
Nucor Corp is a producer of steel and related products based in Charlotte, North Carolina. The company has a global presence with operations in North America, Europe, and Asia. Nucor's products are used in a variety of industries, including construction, automotive, and manufacturing.
Fundamental Analysis
Nucor Corp has a strong financial position. The company has a market capitalization of $33.37 billion and an EBITDA of $5.89 billion. The company's PERatio is 10.13, and its PEGRatio is 0.75. Nucor's BookValue is $87.32, and its DividendPerShare is $2.13. The company's EPS is $13.88, and its RevenuePerShareTTM is $133.72. Nucor's ProfitMargin is 0.104, and its OperatingMarginTTM is 0.11. The company's ReturnOnAssetsTTM is 0.0858, and its ReturnOnEquityTTM is 0.176.
Technical Analysis
Nucor Corp's stock price is currently trading below its 50-day moving average of $151.01 and its 200-day moving average of $170.16. The stock's Relative Strength Index (RSI) is 45.67, which indicates that the stock is oversold.
Short Term Outlook
We believe that Nucor Corp's stock is undervalued and is a good investment for short-term investors. The company's fundamentals are strong, and its technical analysis indicates that the stock is oversold. We expect the stock to rebound in the short term and reach our target price of $169.52.
Long Term Outlook
We also believe that Nucor Corp is a good investment for long-term investors. The company has a strong track record of growth and is well-positioned to benefit from the growing demand for steel. We expect the company to continue to grow its earnings and dividends in the long term.
Analyst Recommendations
The consensus analyst recommendation for Nucor Corp is "Buy." The average analyst target price is $169.52.
