Argus cut shares of Nucor Corp. (NYSE:NUE) from a buy rating to a hold rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
NUE has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a sector perform rating on shares of Nucor Corp. in a research note to investors on Monday. They now have a $46.00 price target on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of Nucor Corp. in a research note to investors on Wednesday, July 10th. Finally, analysts at Zacks downgraded shares of Nucor Corp. from a neutral rating to an underperform rating in a research note to investors on Tuesday, June 18th. They now have a $41.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $48.92.
Shares of Nucor Corp. (NYSE: NUE) traded down 0.13% during mid-day trading on Wednesday, hitting $46.54. Nucor Corp. has a 52 week low of $36.86 and a 52 week high of $48.60. The stock’s 50-day moving average is currently $44.61. The company has a market cap of $14.842 billion and a P/E ratio of 35.85.
Nucor Corporation and its affiliates (NYSE: NUE) manufactures steel and steel products.
