Nucor (NUE) Stock Forecast, Price Target & Predictions
NUE Stock Forecast
Nucor stock forecast is as follows: an average price target of $150.11 (represents a 1.31% upside from NUE’s last price of $148.17) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.
NUE Price Target
The average price target for Nucor (NUE) is $150.11 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $170.00 to $129.00. This represents a potential 1.31% upside from NUE's last price of $148.17.
NUE Analyst Ratings
According to 12 Wall Street analysts, Nucor's rating consensus is 'Hold'. The analyst rating breakdown for NUE stock is 0 'Strong Buy' (0.00%), 5 'Buy' (41.67%), 6 'Hold' (50.00%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).
Nucor Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | John Eade | Argus Research | $160.00 | $147.73 | 8.31% | 7.98% |
| Oct 22, 2024 | Matthew Miller | CFRA | $129.00 | $146.02 | -11.66% | -12.94% |
| Sep 18, 2024 | Carlos De Alba | Morgan Stanley | $170.00 | $142.18 | 19.57% | 14.73% |
| Sep 18, 2024 | Katja Jancic | BMO Capital | $160.00 | $142.18 | 12.53% | 7.98% |
| Aug 15, 2024 | Carlos De Alba | Morgan Stanley | $176.00 | $141.26 | 24.59% | 18.78% |
| Jun 17, 2024 | Katja Jancic | BMO Capital | $175.00 | $153.61 | 13.92% | 18.11% |
| Jun 14, 2024 | Christopher LaFemina | Jefferies | $170.00 | $154.44 | 10.07% | 14.73% |
| May 20, 2024 | Christopher LaFemina | Jefferies | $190.00 | $172.12 | 10.39% | 28.23% |
| Dec 06, 2022 | - | UBS | $145.00 | $151.01 | -3.98% | -2.14% |
| Sep 16, 2022 | - | Credit Suisse | $140.00 | $116.63 | 20.04% | -5.51% |
The latest Nucor stock forecast, released on Oct 29, 2024 by John Eade from Argus Research, set a price target of $160.00, which represents a 8.31% increase from the stock price at the time of the forecast ($147.73), and a 7.98% increase from NUE last price ($148.17).
Nucor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 8 |
| Avg Price Target | $144.50 | $154.75 | $166.25 |
| Last Closing Price | $148.17 | $148.17 | $148.17 |
| Upside/Downside | -2.48% | 4.44% | 12.20% |
In the current month, the average price target of Nucor stock is $144.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -2.48% decrease as opposed to Nucor's last price of $148.17. This month's average price target is down -6.62% compared to last quarter, and down -13.08% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | CFRA | Sell | Sell | Hold |
| Oct 22, 2024 | Jefferies | Hold | Hold | Hold |
| Sep 18, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 17, 2024 | Jefferies | Hold | Hold | Hold |
| Aug 15, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Jun 17, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 14, 2024 | Jefferies | Hold | Hold | Hold |
| Jun 11, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Jun 11, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Nucor's last stock rating was published by CFRA on Oct 22, 2024. The company gave NUE a "Sell" rating, the same as its previous rate.
Nucor Financial Forecast
Nucor Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $7.70B | $8.78B | $9.52B | $8.71B | $8.72B | $10.50B | $11.79B | $10.49B | $10.36B | $10.31B | $8.79B | $7.02B | $5.26B | $4.93B | $4.33B | $5.62B | $5.13B | $5.46B |
| Avg Forecast | $8.22B | $8.63B | $8.56B | $8.12B | $7.54B | $7.76B | $7.77B | $7.40B | $6.92B | $7.28B | $7.69B | $8.26B | $7.64B | $8.37B | $9.62B | $9.03B | $8.43B | $10.25B | $11.60B | $10.46B | $10.45B | $10.15B | $8.26B | $7.20B | $5.40B | $4.54B | $4.50B | $5.37B | $4.94B | $5.54B |
| High Forecast | $8.44B | $8.85B | $8.78B | $8.33B | $7.74B | $7.96B | $7.97B | $7.61B | $6.94B | $7.41B | $7.69B | $8.26B | $7.79B | $8.75B | $9.87B | $9.27B | $8.65B | $10.25B | $11.60B | $10.46B | $10.45B | $10.15B | $8.26B | $7.20B | $5.40B | $4.54B | $4.50B | $5.37B | $4.94B | $5.54B |
| Low Forecast | $7.99B | $8.38B | $8.32B | $7.89B | $7.33B | $7.54B | $7.55B | $7.19B | $6.84B | $7.15B | $7.69B | $8.26B | $7.46B | $7.98B | $9.35B | $8.78B | $8.19B | $10.25B | $11.60B | $10.46B | $10.45B | $10.15B | $8.26B | $7.20B | $5.40B | $4.54B | $4.50B | $5.37B | $4.94B | $5.54B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.05% | 0.99% | 0.96% | 1.03% | 1.02% | 1.02% | 1.00% | 0.99% | 1.02% | 1.06% | 0.98% | 0.97% | 1.08% | 0.96% | 1.05% | 1.04% | 0.99% |
Nucor's average Quarter revenue forecast for Mar 24 based on 2 analysts is $8.26B, with a low forecast of $8.26B, and a high forecast of $8.26B. NUE's average Quarter revenue forecast represents a 7.18% increase compared to the company's last Quarter revenue of $7.70B (Dec 23).
Nucor EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.35B | $1.83B | $2.34B | $1.89B | $1.95B | $2.66B | $3.80B | $3.18B | $3.20B | $3.04B | $2.20B | $1.50B | $425.53M | $500.19M | $390.21M | $357.12M | $381.46M | $580.39M |
| Avg Forecast | $1.61B | $1.69B | $1.68B | $1.59B | $1.48B | $1.52B | $1.52B | $1.45B | $1.35B | $1.42B | $1.50B | $1.49B | $1.49B | $1.64B | $1.88B | $1.36B | $2.97B | $2.08B | $2.35B | $1.07B | $3.18B | $2.05B | $1.67B | $1.46B | $385.86M | $920.31M | $911.01M | $1.09B | $1.00B | $1.12B |
| High Forecast | $1.65B | $1.73B | $1.72B | $1.63B | $1.51B | $1.56B | $1.56B | $1.49B | $1.36B | $1.45B | $1.50B | $1.79B | $1.52B | $1.71B | $1.93B | $1.63B | $3.56B | $2.08B | $2.35B | $1.29B | $3.81B | $2.05B | $1.67B | $1.46B | $463.04M | $920.31M | $911.01M | $1.09B | $1.00B | $1.12B |
| Low Forecast | $1.56B | $1.64B | $1.63B | $1.54B | $1.43B | $1.48B | $1.48B | $1.41B | $1.34B | $1.40B | $1.50B | $1.19B | $1.46B | $1.56B | $1.83B | $1.09B | $2.38B | $2.08B | $2.35B | $858.29M | $2.54B | $2.05B | $1.67B | $1.46B | $308.69M | $920.31M | $911.01M | $1.09B | $1.00B | $1.12B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 1.12% | 1.24% | 1.39% | 0.66% | 1.28% | 1.62% | 2.96% | 1.01% | 1.48% | 1.32% | 1.03% | 1.10% | 0.54% | 0.43% | 0.33% | 0.38% | 0.52% |
2 analysts predict NUE's average Quarter EBITDA for Mar 24 to be $1.49B, with a high of $1.79B and a low of $1.19B. This is 10.57% upper than Nucor's previous annual EBITDA (Dec 23) of $1.35B.
Nucor Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $785.40M | $1.14B | $1.46B | $1.14B | $1.26B | $1.69B | $2.56B | $2.10B | $2.34B | $2.13B | $1.51B | $942.43M | $398.84M | $193.41M | $108.88M | $20.33M | $107.82M | $275.03M |
| Avg Forecast | $740.20M | $770.55M | $777.33M | $709.29M | $567.14M | $571.68M | $563.98M | $432.85M | $228.89M | $356.28M | $589.20M | $853.86M | $692.07M | $1.01B | $1.31B | $776.24M | $2.09B | $1.62B | $2.09B | $613.63M | $2.23B | $1.72B | $1.15B | $737.46M | $361.66M | $119.49M | $20.80M | $229.38M | $80.11M | $194.52M |
| High Forecast | $765.32M | $796.71M | $803.72M | $733.37M | $586.38M | $591.09M | $583.12M | $539.52M | $248.37M | $360.62M | $589.26M | $1.02B | $696.96M | $1.06B | $1.36B | $931.48M | $2.51B | $1.62B | $2.09B | $736.35M | $2.68B | $1.72B | $1.15B | $737.46M | $434.00M | $119.49M | $20.80M | $229.38M | $80.11M | $194.52M |
| Low Forecast | $712.78M | $742.00M | $748.53M | $683.01M | $546.12M | $550.50M | $543.08M | $256.43M | $209.41M | $351.94M | $589.14M | $683.09M | $689.62M | $993.34M | $1.26B | $620.99M | $1.67B | $1.62B | $2.09B | $490.90M | $1.79B | $1.72B | $1.15B | $737.46M | $289.33M | $119.49M | $20.80M | $229.38M | $80.11M | $194.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 1.12% | 1.11% | 1.46% | 0.60% | 1.05% | 1.22% | 3.42% | 1.05% | 1.24% | 1.31% | 1.28% | 1.10% | 1.62% | 5.23% | 0.09% | 1.35% | 1.41% |
Nucor's average Quarter net income forecast for Mar 24 is $853.86M, with a range of $683.09M to $1.02B. NUE's average Quarter net income forecast represents a 8.72% increase compared to the company's last Quarter net income of $785.40M (Dec 23).
Nucor SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $355.00M | $385.77M | $453.39M | $389.89M | $422.82M | $486.56M | $563.21M | $524.58M | $502.07M | $526.35M | $387.07M | $291.12M | $154.12M | $165.51M | $142.02M | $153.39M | $162.23M | $164.23M |
| Avg Forecast | $333.07M | $349.55M | $346.75M | $328.83M | $305.52M | $314.39M | $314.77M | $299.63M | $280.33M | $294.92M | $311.34M | $317.41M | $309.29M | $338.86M | $389.72M | $288.55M | $465.87M | $415.25M | $469.94M | $228.11M | $498.26M | $411.01M | $334.48M | $291.51M | $139.75M | $184.08M | $182.22M | $217.64M | $200.19M | $224.40M |
| High Forecast | $341.77M | $358.68M | $355.80M | $337.42M | $313.49M | $322.60M | $322.98M | $308.25M | $281.17M | $300.18M | $311.34M | $380.89M | $315.42M | $354.60M | $399.90M | $346.27M | $559.05M | $415.25M | $469.94M | $273.73M | $597.91M | $411.01M | $334.48M | $291.51M | $167.70M | $184.08M | $182.22M | $217.64M | $200.19M | $224.40M |
| Low Forecast | $323.58M | $339.59M | $336.87M | $319.46M | $296.81M | $305.43M | $305.80M | $291.42M | $277.00M | $289.66M | $311.34M | $253.93M | $302.33M | $323.06M | $378.62M | $230.84M | $372.70M | $415.25M | $469.94M | $182.48M | $398.61M | $411.01M | $334.48M | $291.51M | $111.80M | $184.08M | $182.22M | $217.64M | $200.19M | $224.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.14% | 1.16% | 1.35% | 0.91% | 1.17% | 1.20% | 2.30% | 1.01% | 1.28% | 1.16% | 1.00% | 1.10% | 0.90% | 0.78% | 0.70% | 0.81% | 0.73% |
Nucor's average Quarter SG&A projection for Mar 24 is $317.41M, based on 2 Wall Street analysts, with a range of $253.93M to $380.89M. The forecast indicates a -10.59% fall compared to NUE last annual SG&A of $355.00M (Dec 23).
Nucor EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.18 | $4.58 | $5.82 | $4.47 | $4.90 | $6.51 | $9.69 | $7.69 | $8.34 | $7.29 | $5.05 | $3.10 | $1.31 | $0.63 | $0.36 | $0.07 | $0.35 | $0.90 |
| Avg Forecast | $3.13 | $3.25 | $3.28 | $3.00 | $2.40 | $2.41 | $2.38 | $1.83 | $0.97 | $1.50 | $2.49 | $3.67 | $2.92 | $4.29 | $5.54 | $3.87 | $4.16 | $6.74 | $8.73 | $7.19 | $7.85 | $7.16 | $4.79 | $3.07 | $1.18 | $0.50 | $0.09 | $0.96 | $0.33 | $0.81 |
| High Forecast | $3.23 | $3.36 | $3.39 | $3.10 | $2.48 | $2.50 | $2.46 | $2.28 | $1.05 | $1.52 | $2.49 | $3.67 | $2.94 | $4.46 | $5.72 | $4.00 | $4.30 | $6.74 | $8.73 | $7.19 | $7.85 | $7.16 | $4.79 | $3.07 | $1.18 | $0.50 | $0.09 | $0.96 | $0.33 | $0.81 |
| Low Forecast | $3.01 | $3.13 | $3.16 | $2.88 | $2.31 | $2.33 | $2.29 | $1.08 | $0.88 | $1.49 | $2.49 | $3.67 | $2.91 | $4.20 | $5.33 | $3.73 | $4.01 | $6.74 | $8.73 | $7.19 | $7.85 | $7.16 | $4.79 | $3.07 | $1.18 | $0.50 | $0.09 | $0.96 | $0.33 | $0.81 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.07% | 1.05% | 1.16% | 1.18% | 0.97% | 1.11% | 1.07% | 1.06% | 1.02% | 1.05% | 1.01% | 1.11% | 1.26% | 4.15% | 0.07% | 1.05% | 1.11% |
According to 2 Wall Street analysts, Nucor's projected average Quarter EPS for Mar 24 is $3.67, with a low estimate of $3.67 and a high estimate of $3.67. This represents a 15.37% increase compared to NUE previous annual EPS of $3.18 (Dec 23).
Nucor Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| CLF | Cleveland-Cliffs | $11.66 | $19.85 | 70.24% | Buy |
| TX | Ternium | $33.55 | $50.00 | 49.03% | Buy |
| MT | ArcelorMittal | $25.08 | $36.87 | 47.01% | Buy |
| PKX | POSCO | $52.56 | $77.00 | 46.50% | Hold |
| GGB | Gerdau | $3.47 | $5.00 | 44.09% | Buy |
| NUE | Nucor | $148.17 | $150.11 | 1.31% | Hold |
| CMC | Commercial Metals Company | $59.72 | $59.75 | 0.05% | Buy |
| X | United States Steel | $38.38 | $36.07 | -6.02% | Buy |
| STLD | Steel Dynamics | $144.04 | $134.00 | -6.97% | Buy |
| RS | Reliance Steel & Aluminum | $313.53 | $277.50 | -11.49% | Buy |