For its first fiscal quarter (ending March 31), Nucor Corp (NYSE: NUE) has reported E.P.S. of $3.46 compared to $4.47 a year ago. E.P.S. were $17.03 for the latest four quarters through March 31 versus $25.57 for the same period a year ago.
Recent Price Action
Nucor Corp (NYSE: NUE) stock rose slightly by 0.1% on 4/22/24. The stock closed at $191.63. Moreover, trading volume in this advance was above average at 130% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NUE is expected to continue to be an important Value Builder.
Nucor has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nucor has a good Appreciation Score of 81 and a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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