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.