Macquarie Has Just Issued an Upgrade of Nucor Corp (NYSE:NUE) with a $75.0000 TP

May 18, 2018 - By Duane Lopez

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Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It is positive, as 53 investors sold Nucor Corporation shares while 231 reduced holdings. 92 funds opened positions while 173 raised stakes. 244.43 million shares or 5.15% more from 232.46 million shares in 2017Q3 were reported.

Fuller & Thaler Asset Inc accumulated 3,900 shares or 0% of the stock. Meyer Handelman reported 0.43% stake. The Massachusetts-based Boston Private Wealth Ltd Liability Com has invested 0.03% in Nucor Corporation (NYSE:NUE). Drw Ltd holds 0.03% in Nucor Corporation (NYSE:NUE) or 4,464 shares. 32,993 are held by Stevens Management Lp. Oppenheimer Asset Mngmt reported 4,823 shares. Verition Fund Mngmt Limited Co has invested 0.04% of its portfolio in Nucor Corporation (NYSE:NUE). Amp Capital Invsts has invested 0.05% in Nucor Corporation (NYSE:NUE). Grace & White Inc Ny accumulated 210,257 shares or 2.69% of the stock. Davenport Limited Liability Corp holds 18,181 shares. Texas Permanent School Fund reported 0.07% stake. Carroll Fin Associate reported 24,495 shares or 0.17% of all its holdings. Osborne Prns Capital Ltd Liability Corp accumulated 51,638 shares. Sigma Planning Corp has invested 0.02% in Nucor Corporation (NYSE:NUE). Evercore Wealth Mngmt Limited Com reported 0.02% in Nucor Corporation (NYSE:NUE).

Since February 13, 2018, it had 0 insider buys, and 6 selling transactions for $7.08 million activity. HALL LADD R also sold $2.66 million worth of Nucor Corporation (NYSE:NUE) on Monday, February 19. Another trade for 39,037 shares valued at $2.67 million was made by Frias James D on Monday, February 19. 1,800 shares were sold by HAYNES VICTORIA F, worth $109,646 on Tuesday, May 1. 8,000 shares were sold by NAPOLITAN RAYMOND S JR, worth $520,880 on Monday, March 19.

Nucor Corp (NYSE:NUE) Stock Upgrade

Nucor Corp (NYSE:NUE) was just upgraded by Macquarie to a respectable Buy rating in a research note revealed on Thursday, 17 May. The firm after the upgrade has a $75.0000 target price per share on the shares. This target is 14.05 % from NUE’s current share price.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 9 analysts covering Nucor (NYSE:NUE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Nucor has $78 highest and $65 lowest target. $73.25’s average target is 11.39% above currents $65.76 stock price. Nucor had 12 analyst reports since December 20, 2017 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Thursday, January 4 report. The stock has “Buy” rating by Credit Suisse on Wednesday, February 7. Credit Suisse maintained it with “Buy” rating and $73.0 target in Wednesday, January 31 report. The firm has “Buy” rating by Longbow given on Wednesday, December 20. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, April 17. Jefferies maintained the stock with “Buy” rating in Wednesday, January 31 report. Bank of America maintained Nucor Corporation (NYSE:NUE) on Monday, January 8 with “Buy” rating. The firm has “Buy” rating given on Tuesday, January 9 by Jefferies. The stock of Nucor Corporation (NYSE:NUE) has “Hold” rating given on Tuesday, January 30 by BMO Capital Markets. The firm has “Equal-Weight” rating given on Tuesday, February 6 by Morgan Stanley.

The stock increased 1.20% or $0.78 during the last trading session, reaching $65.76. About 2.82M shares traded or 11.05% up from the average. Nucor Corporation (NYSE:NUE) has risen 1.23% since May 18, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on July, 19. They expect $1.69 earnings per share, up 69.00 % or $0.69 from last year’s $1 per share. NUE’s profit will be $537.58 million for 9.73 P/E if the $1.69 EPS becomes a reality. After $1.17 actual earnings per share reported by Nucor Corporation for the previous quarter, Wall Street now forecasts 44.44 % EPS growth.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $20.92 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.05 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 news for Nucor Corporation (NYSE:NUE) were recently published by: Seekingalpha.com, which released: “Nucor Sees Further Growth Acceleration” on April 23, 2018. Streetinsider.com‘s article titled: “Macquarie Upgrades Nucor (NUE) to Outperform” and published on May 17, 2018 is yet another important article.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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