Nucor Corp (NYSE: NUE) has reported E.P.S. of $1.05 for its third fiscal quarter (ending September 30) versus $4.58 for the same period a year ago. E.P.S. were $10.40 for the latest four quarters through September 30 versus $19.76 for the same period a year ago.
Recent Price Action
Nucor Corp (NYSE: NUE) stock closed at $156.11 on 10/21/24 after a modest decline of -1.3%. Moreover, above average trading volume at 143% of normal accompanied the decline. The stock has risen 2.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NUE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nucor has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Nucor has a very high Appreciation Score of 86 but a very low Power Rating of 9, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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