NYSE:NUE - Nucor Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $75.36
  • Forecasted Upside: -20.88 %
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 7 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$95.25
▼ -4.69 (-4.69%)
1 month | 3 months | 12 months
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Analyst Price Target for NUE

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$75.36
▼ -20.88% Downside Potential
This price target is based on 10 analysts offering 12 month price targets for Nucor in the last 3 months. The average price target is $75.36, with a high forecast of $114.00 and a low forecast of $46.00. The average price target represents a -20.88% upside from the last price of $95.25.

Hold

The current consensus among 10 contributing investment analysts is to hold stock in Nucor. This rating has held steady since February 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 7 buy ratings
  • 5 hold ratings
  • 0 sell ratings
12/25/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
3/24/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 0 sell ratings
6/22/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
9/20/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 0 sell ratings
12/19/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 0 sell ratings
3/19/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 0 sell ratings
5/18/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 7 hold ratings
  • 0 sell ratings
6/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 7 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/16/2021JPMorgan Chase & Co.Initiated CoverageNeutral$114.00Medium
i
6/14/2021Morgan StanleyBoost Price TargetEqual Weight$95.00 ➝ $101.00High
i
5/14/2021BMO Capital MarketsBoost Price TargetMarket Perform$86.00 ➝ $110.00Low
i
Rating by David Gagliano at BMO Capital Markets
5/11/2021Morgan StanleyBoost Price TargetEqual Weight$71.00 ➝ $95.00Low
i
4/20/2021Bank of AmericaUpgradeUnderperform ➝ Neutral$56.00 ➝ $80.00Low
i
4/9/2021The Goldman Sachs GroupInitiated CoverageBuy$86.00Low
i
3/19/2021ArgusUpgradeHold ➝ Buy$85.00Low
i
3/17/2021BMO Capital MarketsBoost Price TargetFair Value ➝ Market Perform$63.00 ➝ $75.00Medium
i
3/12/2021Morgan StanleyBoost Price TargetEqual Weight$60.00 ➝ $71.00Low
i
2/3/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$48.00 ➝ $63.00Medium
i
12/9/2020Morgan StanleyInitiated CoverageEqual Weight$60.00Low
i
10/23/2020BMO Capital MarketsBoost Price TargetMarket Perform$50.00 ➝ $54.00Low
i
10/15/2020Exane BNP ParibasDowngradeOutperform ➝ Neutral$48.00Low
i
10/15/2020BNP ParibasDowngradeOutperform ➝ Neutral$48.00Low
i
10/2/2020UBS GroupBoost Price Target$39.00 ➝ $48.00Medium
i
10/1/2020Deutsche Bank AktiengesellschaftBoost Price TargetHold$42.00 ➝ $46.00Low
i
9/18/2020BMO Capital MarketsBoost Price TargetFair Value ➝ Market Perform$46.00 ➝ $50.00Low
i
8/11/2020ArgusReiterated RatingBuy ➝ HoldHigh
i
6/19/2020BMO Capital MarketsBoost Price TargetFair Value ➝ Market Perform$42.00 ➝ $46.00High
i
6/10/2020KeyCorpBoost Price TargetOverweight$45.00 ➝ $49.00Medium
i
5/14/2020UBS GroupLower Price TargetNeutral$56.00 ➝ $39.00Medium
i
5/13/2020KeyCorpLower Price TargetOverweight$49.00 ➝ $45.00High
i
4/29/2020BMO Capital MarketsBoost Price TargetMarket Perform$35.00 ➝ $42.00High
i
4/17/2020JPMorgan Chase & Co.Lower Price TargetOverweight$57.00 ➝ $42.00Low
i
4/15/2020Credit Suisse GroupDowngradeOutperform ➝ NeutralHigh
i
3/30/2020Deutsche Bank AktiengesellschaftUpgradeSell ➝ Hold$45.00 ➝ $37.00High
i
3/30/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$55.00 ➝ $41.00High
i
3/24/2020KeyCorpLower Price TargetOverweight$60.00 ➝ $43.00High
i
3/20/2020BMO Capital MarketsLower Price TargetMarket Perform$57.00 ➝ $30.00High
i
3/20/2020Credit Suisse GroupLower Price TargetOutperform$57.00 ➝ $54.00Medium
i
2/18/2020KeyCorpLower Price TargetOverweight$62.00 ➝ $60.00Low
i
1/31/2020The Goldman Sachs GroupDowngradeBuy ➝ Neutral$60.00 ➝ $55.00Medium
i
1/29/2020Credit Suisse GroupLower Price TargetOutperform$61.00 ➝ $57.00High
i
1/29/2020Deutsche Bank AktiengesellschaftDowngradeHold ➝ SellHigh
i
12/9/2019Longbow ResearchUpgradeNeutral ➝ Buy$65.00Medium
i
11/14/2019BNP ParibasInitiated CoverageBuy$71.00Low
i
Rating by Luc Pez at BNP Paribas
11/14/2019Exane BNP ParibasInitiated CoverageOutperform$71.00Low
i
11/13/2019KeyCorpReiterated RatingBuy$60.00 ➝ $62.00Low
i
9/4/2019Bank of AmericaLower Price TargetUnderperform$50.00 ➝ $46.00Medium
i
Rating by Timna Tanners at Bank of America Co.
8/27/2019KeyCorpLower Price TargetOverweight$61.00 ➝ $60.00Medium
i
7/19/2019Credit Suisse GroupSet Price TargetBuy$61.00Low
i
Rating by Curt Woodworth at Credit Suisse Group AG
6/17/2019KeyCorpLower Price TargetOverweight$66.00 ➝ $61.00Low
i
6/11/2019CitigroupSet Price TargetBuy$60.00Low
i
Rating by Alexander Hacking at Citigroup Inc.
6/4/2019The Goldman Sachs GroupLower Price TargetBuy$70.00 ➝ $59.00Low
i
5/31/2019Bank of AmericaDowngradeBuy ➝ Underperform$68.00 ➝ $50.00Low
i
5/30/2019Deutsche Bank AktiengesellschaftDowngradeBuy ➝ HoldMedium
i
5/22/2019KeyCorpLower Price TargetOverweight$70.00 ➝ $66.00Medium
i
5/8/2019UBS GroupSet Price TargetHold$59.00Low
i
Rating by Andreas Bokkenheuser at UBS Group AG
3/18/2019Standpoint ResearchUpgradeHold ➝ BuyLow
i
3/11/2019Longbow ResearchDowngradeBuy ➝ NeutralHigh
i
1/8/2019CowenInitiated CoverageOutperform ➝ Outperform$62.00Low
i
1/8/2019Credit Suisse GroupUpgradeNeutral ➝ OutperformHigh
i
12/10/2018UBS GroupSet Price TargetHold$59.00Low
i
Rating by Andreas Bokkenheuser at UBS Group AG
11/30/2018KeyCorpReiterated RatingBuy$72.00Low
i
Rating by Philip Gibbs at KeyCorp
11/27/2018UBS GroupSet Price TargetHold$63.00High
i
Rating by Andreas Bokkenheuser at UBS Group AG
10/23/2018ArgusReiterated RatingBuyLow
i
10/19/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Market Perform$75.00 ➝ $70.00Low
i
10/19/2018CitigroupLower Price TargetBuy ➝ Buy$78.00 ➝ $70.00Low
i
10/15/2018Credit Suisse GroupReiterated RatingOutperform ➝ NeutralHigh
i
10/11/2018Seaport Global SecuritiesInitiated CoverageBuy ➝ Buy$75.00Low
i
Rating by D. Hernandez at Seaport Global Securities
10/2/2018Deutsche Bank AktiengesellschaftDowngradeBuyMedium
i
Rating by Chris Terry at Deutsche Bank Aktiengesellschaft
7/24/2018KeyCorpUpgradeSector Weight ➝ Overweight$77.00Low
i
Rating by Philip Gibbs at KeyCorp
7/13/2018Jefferies Financial GroupReiterated RatingBuy$80.00Low
i
5/17/2018MacquarieUpgradeNeutral ➝ Outperform$75.00Low
i
4/17/2018UBS GroupInitiated CoverageNeutral$65.00High
i
4/17/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$68.00 ➝ $73.00Medium
i
Rating by Piyush Sood at Morgan Stanley
3/20/2018The Goldman Sachs GroupInitiated CoverageBuy ➝ Buy$78.00Medium
i
2/6/2018Morgan StanleyLower Price TargetEqual Weight ➝ Hold$70.00 ➝ $68.00Medium
i
Rating by Piyush Sood at Morgan Stanley
1/31/2018Jefferies Financial GroupReiterated RatingBuy$76.00Low
i
Rating by Sean Darby at Jefferies Financial Group Inc.
1/31/2018BMO Capital MarketsBoost Price TargetFair Value ➝ Market Perform$72.00Low
i
Rating by David Gagliano at BMO Capital Markets
1/31/2018Credit Suisse GroupBoost Price TargetOutperform ➝ Outperform$67.00 ➝ $73.00Low
i
1/9/2018Jefferies Financial GroupReiterated RatingBuy$77.00Medium
i
Rating by Sean Darby at Jefferies Financial Group Inc.
1/8/2018Bank of AmericaSet Price TargetBuy$67.00 ➝ $75.00Low
i
Rating by Timna Tanners at Bank of America Co.
12/20/2017Longbow ResearchUpgradeNeutral ➝ BuyMedium
i
11/17/2017BMO Capital MarketsSet Price TargetHold$62.00N/A
i
Rating by David Gagliano at BMO Capital Markets
10/23/2017CowenBoost Price TargetMarket Perform ➝ Market Perform$57.00 ➝ $63.00N/A
i
10/20/2017Bank of AmericaLower Price TargetBuy$73.00 ➝ $71.00N/A
i
10/20/2017Credit Suisse GroupBoost Price TargetOutperform$63.00 ➝ $67.00N/A
i
10/20/2017CitigroupSet Price TargetBuy$65.00 ➝ $66.00N/A
i
10/19/2017KeyCorpReiterated RatingHoldN/A
i
Rating by Philip Gibbs at KeyCorp
10/6/2017Jefferies Financial GroupReiterated RatingBuy$68.00N/A
i
Rating by Sean Darby at Jefferies Financial Group Inc.
10/2/2017Longbow ResearchDowngradeBuy ➝ Neutral$55.01 ➝ $56.04Low
i
9/28/2017Credit Suisse GroupLower Price TargetBuy$68.00 ➝ $63.00Medium
i
9/19/2017KeyCorpReiterated RatingHoldLow
i
Rating by Philip Gibbs at KeyCorp
9/18/2017BMO Capital MarketsReiterated RatingMarket Perform$70.00 ➝ $62.00Medium
i
Rating by David Gagliano at BMO Capital Markets
9/16/2017Jefferies Financial GroupReiterated RatingBuyLow
i
Rating by Sean Darby at Jefferies Financial Group Inc.
9/14/2017CitigroupUpgradeNeutral ➝ Buy$53.60 ➝ $65.00Low
i
9/12/2017Morgan StanleyDowngradeOverweight ➝ Equal Weight$78.00 ➝ $60.00Low
i
Rating by Evan Kurtz at Morgan Stanley
9/6/2017MacquarieInitiated CoverageNeutral ➝ Neutral$57.00Medium
i
9/6/2017Bank of AmericaReiterated RatingBuy$73.00Low
i
8/26/2017BMO Capital MarketsSet Price TargetHold$70.00Low
i
Rating by David Gagliano at BMO Capital Markets
8/21/2017Jefferies Financial GroupSet Price TargetBuy$68.00Medium
i
Rating by Sean Darby at Jefferies Financial Group Inc.
7/27/2017Longbow ResearchReiterated RatingBuy$66.00Medium
i
7/25/2017CowenReiterated RatingMarket Perform$62.00 ➝ $63.00Low
i
7/19/2017Berenberg BankReiterated RatingBuy$77.50High
i
7/19/2017Jefferies Financial GroupReiterated RatingBuy$68.00High
i
7/18/2017Morgan StanleyReiterated RatingBuyLow
i
Rating by Evan Kurtz at Morgan Stanley
6/30/2017Jefferies Financial GroupReiterated RatingBuyHigh
i
6/26/2017KeyCorpReiterated RatingOverweight$72.00 ➝ $66.00Low
i
Rating by Philip Gibbs at KeyCorp
6/19/2017Longbow ResearchUpgradeNeutral ➝ BuyLow
i
5/24/2017Credit Suisse GroupUpgradeNeutral ➝ Outperform$56.00 ➝ $68.00Low
i
5/15/2017BarclaysReiterated RatingBuy$73.00Low
i
5/9/2017Longbow ResearchInitiated CoverageNeutral ➝ NeutralMedium
i
5/5/2017BarclaysReiterated RatingBuy$73.00Medium
i
4/24/2017MacquarieUpgradeUnderperform ➝ Neutral$55.00 ➝ $62.00Medium
i
Rating by Aldo Mazzaferro at Macquarie
4/21/2017BMO Capital MarketsReiterated RatingHoldLow
i
4/20/2017BarclaysReiterated RatingBuy$67.00 ➝ $68.00Low
i
4/19/2017Jefferies Financial GroupReiterated RatingBuy$77.00 ➝ $75.00Low
i
4/3/2017BMO Capital MarketsReiterated RatingHold$68.00Low
i
Rating by David Gagliano at BMO Capital Markets
3/22/2017JPMorgan Chase & Co.Boost Price TargetOverweight$70.00 ➝ $75.00Low
i
3/21/2017Deutsche Bank AktiengesellschaftBoost Price TargetBuy$73.00 ➝ $75.00High
i
2/13/2017Morgan StanleyUpgradeEqual Weight ➝ Overweight$78.00N/A
i
2/6/2017BarclaysBoost Price TargetOverweight$63.00 ➝ $67.00N/A
i
2/5/2017Berenberg BankReiterated RatingBuy$75.00N/A
i
1/31/2017Berenberg BankDowngradeBuy ➝ HoldN/A
i
1/20/2017CitigroupReiterated RatingNeutral$50.00 ➝ $65.00N/A
i
1/13/2017Credit Suisse GroupReiterated RatingNeutral$46.00 ➝ $56.00N/A
i
Rating by Curt Woodworth at Credit Suisse Group AG
1/10/2017Jefferies Financial GroupReiterated RatingBuy$77.00N/A
i
Rating by Seth Rosenfeld at Jefferies Financial Group Inc.
1/9/2017KeyCorpUpgradeSector Weight ➝ Overweight$70.00N/A
i
12/13/2016Jefferies Financial GroupReiterated RatingBuy$55.00 ➝ $77.00N/A
i
Rating by Seth Rosenfeld at Jefferies Financial Group Inc.
12/12/2016ArgusBoost Price TargetBuy$65.00 ➝ $75.00N/A
i
Rating by David Coleman at Argus
12/6/2016Berenberg BankUpgradeHold ➝ BuyN/A
i
12/5/2016Deutsche Bank AktiengesellschaftBoost Price TargetBuy$55.00 ➝ $73.00N/A
i
11/30/2016JPMorgan Chase & Co.Boost Price TargetOverweight$59.00 ➝ $70.00N/A
i
11/29/2016MacquarieDowngradeNeutral ➝ UnderperformN/A
i
11/21/2016ArgusReiterated RatingBuy$58.00 ➝ $65.00N/A
i
Rating by David Coleman at Argus
11/14/2016Berenberg BankDowngradeBuy ➝ Hold$57.00 ➝ $61.00N/A
i
11/9/2016Jefferies Financial GroupReiterated RatingBuyN/A
i
Rating by Seth Rosenfeld at Jefferies Financial Group Inc.
11/9/2016Bank of AmericaUpgradeNeutral ➝ Buy$50.00 ➝ $57.00N/A
i
11/2/2016Berenberg BankUpgradeHold ➝ Buy$57.50 ➝ $57.00N/A
i
10/22/2016CitigroupReiterated RatingNeutralN/A
i
10/20/2016BMO Capital MarketsReiterated RatingHoldN/A
i
Rating by David Gagliano at BMO Capital Markets
10/8/2016Credit Suisse GroupSet Price TargetHold$52.00N/A
i
Rating by Curt Woodworth at Credit Suisse Group AG
10/1/2016Jefferies Financial GroupReiterated RatingBuyN/A
i
Rating by Seth Rosenfeld at Jefferies Financial Group Inc.
9/20/2016Berenberg BankReiterated RatingHold$57.50N/A
i
9/15/2016Jefferies Financial GroupLower Price TargetBuy$60.00 ➝ $55.00N/A
i
Rating by Seth Rosenfeld at Jefferies Financial Group Inc.
9/14/2016BMO Capital MarketsSet Price TargetHold$51.00N/A
i
Rating by david gagliano at BMO Capital Markets
8/22/2016CitigroupInitiated CoverageNeutral$55.00N/A
i
7/26/2016CowenBoost Price TargetMarket Perform$50.00 ➝ $55.00N/A
i
Rating by Anthony Rizzuto at Cowen Inc
7/22/2016JPMorgan Chase & Co.Reiterated RatingBuy$59.50N/A
i
7/22/2016Berenberg BankDowngradeBuy ➝ Hold$57.50N/A
i
7/20/2016Bank of AmericaDowngradeBuy ➝ Neutral$56.00N/A
i
7/12/2016BarclaysBoost Price TargetOverweight$52.00 ➝ $55.00N/A
i
7/6/2016Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$52.00 ➝ $60.00N/A
i
Rating by Jorge Beristain at Deutsche Bank Aktiengesellschaft
6/24/2016ArgusUpgradeHold ➝ Buy$58.00N/A
i
6/17/2016Bank of AmericaReiterated RatingBuyN/A
i
(Data available from 6/17/2016 forward)
Nucor logo
Nucor Corporation manufactures and sells steel and steel products. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. The Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. The company offers its products through its in-house sales forces; and internal distribution and trading companies. The company was incorporated in 1958 and is headquartered in Charlotte, North Carolina.
Read More

Today's Range

Now: $95.25
$93.66
$100.24

50 Day Range

MA: $94.23
$76.09
$109.99

52 Week Range

Now: $95.25
$38.51
$110.96

Volume

5,484,859 shs

Average Volume

3,364,016 shs

Market Capitalization

$28.50 billion

P/E Ratio

17.67

Dividend Yield

1.62%

Beta

1.38

Frequently Asked Questions

What sell-side analysts currently cover shares of Nucor?

The following Wall Street research analysts have issued reports on Nucor in the last twelve months: Argus, Bank of America Co., BMO Capital Markets, BNP Paribas, Credit Suisse Group AG, Deutsche Bank Aktiengesellschaft, Exane BNP Paribas, JPMorgan Chase & Co., Morgan Stanley, The Goldman Sachs Group, Inc., TheStreet, UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for NUE.

What is the current price target for Nucor?

11 Wall Street analysts have set twelve-month price targets for Nucor in the last year. Their average twelve-month price target is $75.36, suggesting a possible downside of 24.6%. JPMorgan Chase & Co. has the highest price target set, predicting NUE will reach $114.00 in the next twelve months. Deutsche Bank Aktiengesellschaft has the lowest price target set, forecasting a price of $46.00 for Nucor in the next year.
View the latest price targets for NUE.

What is the current consensus analyst rating for Nucor?

Nucor currently has 7 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NUE, but not buy more shares or sell existing shares.
View the latest ratings for NUE.

What other companies compete with Nucor?

How do I contact Nucor's investor relations team?

Nucor's physical mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company's listed phone number is 704-366-7000. The official website for Nucor is www.nucor.com.