Analysts take a look at Nucor Corporation (NYSE:NUE) having this to say.

December 7, 2017 - By Henry Gaston

 Analysts take a look at Nucor Corporation (NYSE:NUE) having this to say.
Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.08, from 1.32 in 2017Q1. It turned negative, as 57 investors sold Nucor Corporation shares while 200 reduced holdings. 94 funds opened positions while 224 raised stakes. 235.76 million shares or 1.71% less from 239.86 million shares in 2017Q1 were reported.
Willingdon Wealth, North Carolina-based fund reported 36,662 shares. Aperio Limited Liability Corporation reported 95,462 shares. Toronto Dominion Savings Bank has invested 0.02% in Nucor Corporation (NYSE:NUE). Bluecrest Mngmt Ltd reported 0.01% stake. Asset Inc has invested 0.08% in Nucor Corporation (NYSE:NUE). Virginia Retirement Sys Et Al stated it has 233,400 shares or 0.17% of all its holdings. Cullen Frost Bankers Incorporated holds 121,683 shares or 0.24% of its portfolio. California State Teachers Retirement accumulated 0.07% or 596,621 shares. Mufg Americas Holdings Corp holds 0% or 902 shares. Franklin Res holds 0.07% in Nucor Corporation (NYSE:NUE) or 2.47 million shares. Citizens & Northern reported 0.95% of its portfolio in Nucor Corporation (NYSE:NUE). 8,477 are owned by Cetera Ltd Limited Liability Company. Leavell Mgmt holds 12,186 shares. 1St Source Bank & Trust holds 14,872 shares. 36,706 were reported by First Citizens Retail Bank Tru.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Nucor Corporation had 71 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Nucor Corporation (NYSE:NUE) has “Buy” rating given on Thursday, September 15 by Jefferies. The company was upgraded on Monday, February 13 by Morgan Stanley. On Wednesday, July 13 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Nucor Corporation (NYSE:NUE) earned “Sector Weight” rating by KeyBanc Capital Markets on Thursday, August 17. As per Friday, April 21, the company rating was maintained by Barclays Capital. The company was maintained on Friday, October 20 by Credit Suisse. The stock of Nucor Corporation (NYSE:NUE) has “Hold” rating given on Friday, August 25 by BMO Capital Markets. Barclays Capital maintained it with “Overweight” rating and $67 target in Monday, February 6 report. As per Friday, October 16, the company rating was initiated by Rosenblatt. The stock of Nucor Corporation (NYSE:NUE) has “Buy” rating given on Friday, June 24 by Argus Research. Below is a list of Nucor Corporation (NYSE:NUE) latest ratings and price target changes.

17/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain
23/10/2017 Broker: Cowen & Co Rating: Hold New Target: $63.0 Maintain
20/10/2017 Broker: Bank of America Rating: Buy Old Target: $73 New Target: $71 Maintain
20/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $63 New Target: $67 Maintain
20/10/2017 Broker: Citigroup Rating: Buy Old Target: $65 New Target: $66 Maintain
19/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
17/10/2017 Broker: Jefferies Rating: Buy New Target: $67.0 Maintain
04/10/2017 Broker: Jefferies Rating: Buy New Target: $68.0 Maintain
02/10/2017 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
28/09/2017 Broker: Credit Suisse Rating: Buy New Target: $63.0 Maintain

The stock increased 1.12% or $0.65 during the last trading session, reaching $58.59. About 2.23M shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since December 7, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $18.63 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.45 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

More recent Nucor Corporation (NYSE:NUE) news were published by: Prnewswire.com which released: “Nucor to Build Merchant Bar Mill at Nucor Steel Kankakee, Inc.” on November 15, 2017. Also Areadevelopment.com published the news titled: “Nucor Corporation Eyes Sedalia, Missouri, Rebar Micro Mill” on November 22, 2017. Fool.com‘s news article titled: “Where Will Nucor Corporation Be in 10 Years?” with publication date: November 27, 2017 was also an interesting one.

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