Alert: Rating Upgrade (5/22/20)-Nucor Corp (NYSE: NUE).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Nucor Corp (NYSE: NUE) improved recently. NUE’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.


Recent Price Action

Nucor Corp (NYSE: NUE) stock closed at $39.48 on 5/22/20 after a decline of -1.3%. However, exceptionally low trading volume at 37% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 5.3% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, NUE is expected to continue to be a Value Builder.

Nucor has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Nucor has a good Appreciation Score of 72 but a poor Power Rating of 20, leading to the Neutral Value Trend Rating.

About John Lafferty 77056 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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