Credit Suisse analyst Curt Woodworth maintained a Buy rating on Nucor Corp (NUE) yesterday and set a price target of $70. The company’s shares closed yesterday at $60.13.
According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 10.0% and a 57.0% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, United States Steel, and AK Steel Holding.
Currently, the analyst consensus on Nucor Corp is a Moderate Buy with an average price target of $65.
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The company has a one-year high of $69.79 and a one-year low of $49.79. Currently, Nucor Corp has an average volume of 2.59M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.
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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes sheet, plate, structural, and bar steel.
