Shares of Nucor Corp. (NUE) recently traded at $160.77, surpassing the average 12-month target price of $158.86 set by analysts. This price action raises the question of whether analysts will downgrade their targets due to valuation or adjust them upward based on the company’s improving fundamentals.
Within the Zacks coverage universe, there are seven different analyst targets for Nucor Corp., ranging from a low of $130.00 to a high of $188.00, with a standard deviation of $20.995. Currently, the company holds 2 strong buy ratings, 5 hold ratings, and 1 strong sell rating, contributing to an average analyst rating of 2.75 on a scale where 1 is Strong Buy and 5 is Strong Sell.
