Nucor Corp (NUE) Receives a Buy from KeyBanc
KeyBanc analyst Philip Gibbs reiterated a Buy rating on Nucor Corp (NUE) on November 27 and set a price target of $72. The company’s shares opened today at $59.57.
Gibbs has an average return of 3.0% when recommending Nucor Corp.
According to TipRanks.com, Gibbs is ranked #3435 out of 5131 analysts.
Currently, the analyst consensus on Nucor Corp is a Moderate Buy with an average price target of $69.50.
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Based on Nucor Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $674 million. In comparison, last year the company had a net profit of $254 million.
Based on the recent corporate insider activity of 61 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.