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NYSE: NUE
NUCOR CORP Stock Forecast, Predictions & Price Target

Buy NUE

Analyst price target for NUE

Based on 8 analysts offering 12 month price targets for NUCOR CORP.
Min Forecast
$102.00-8.16%
Avg Forecast
$135.00+21.56%
Max Forecast
$190.00+71.08%

Should I buy or sell NUE stock?

Based on 8 analysts offering ratings for NUCOR CORP.
Hold
Strong Buy
1 analysts 12.5%
Buy
2 analysts 25%
Hold
4 analysts 50%
Sell
1 analysts 12.5%
Strong Sell
0 analysts 0%

NUE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
JP Morgan
Bottom 11%
11
HoldMaintains$125.00+12.55%2022-06-14
Anonymous
Goldman Sachs
HoldMaintains$130.00+17.05%2022-05-31
Argus Research
Bottom 19%
19
Strong BuyMaintains$190.00+71.08%2022-04-25
Credit Suisse
Top 6%
95
BuyMaintains$175.00+57.57%2022-04-22
Goldman Sachs
Top 10%
91
HoldMaintains$120.00+8.05%2022-02-16
Morgan Stanley
Top 2%
99
HoldMaintains$108.00-2.76%2022-01-31
Wolfe Research
Top 23%
78
SellDowngrades$102.00-8.16%2022-01-11
Deutsche Bank
Top 1%
100
HoldMaintains$130.00+17.05%2021-09-15
Seaport Global
Bottom 22%
22
BuyInitiates Coverage On$130.00+17.05%2021-08-24

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Forecast return on equity

Is NUE forecast to generate an efficient return?
Company
23.73%
Industry
21.97%
Market
39.12%
NUE's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NUE forecast to generate an efficient return on assets?
Company
12.6%
Industry
9.88%
NUE is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NUE earnings per share forecast

What is NUE's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$29.75+6.67%
Avg 2 year Forecast
$13.05-53.21%
Avg 3 year Forecast
$13.56-51.38%
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

NUE revenue forecast

What is NUE's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$42.3B+5.84%
Avg 2 year Forecast
$35.4B-11.31%
Avg 3 year Forecast
$34.5B-13.73%
NUE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NUE earnings growth forecast

How is NUE forecast to perform vs Steel companies and vs the US market?
Company
-18.9%
Industry
-20.13%
Market
16.08%
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NUE revenue growth forecast

How is NUE forecast to perform vs Steel companies and vs the US market?
Company
-3.35%
Industry
-3.66%
Market
8.42%
NUE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NUE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NUE vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
NUE$111.06$135.00+21.56%Hold
MT$23.92$42.00+75.59%Buy
PKX$46.81N/AN/AHold
STLD$68.89$87.00+26.29%Buy
RS$172.79$195.14+12.94%Strong Buy

NUCOR Stock Forecast FAQ

Is NUCOR Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: NUE) stock is to Hold NUE stock.

Out of 8 analysts, 1 (12.5%) are recommending NUE as a Strong Buy, 2 (25%) are recommending NUE as a Buy, 4 (50%) are recommending NUE as a Hold, 1 (12.5%) are recommending NUE as a Sell, and 0 (0%) are recommending NUE as a Strong Sell.

What is NUE's earnings growth forecast for 2022-2024?

(NYSE: NUE) NUCOR's forecast annual earnings growth rate of -18.9% is forecast to beat the US Steel industry's average forecast earnings growth rate of -20.13%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.08%.

NUCOR's earnings in 2022 is $7,980,652,000.On average, 3 Wall Street analysts forecast NUE's earnings for 2022 to be $7,915,343,429, with the lowest NUE earnings forecast at $6,731,367,689, and the highest NUE earnings forecast at $9,032,803,678. On average, 3 Wall Street analysts forecast NUE's earnings for 2023 to be $3,472,108,630, with the lowest NUE earnings forecast at $2,431,806,351, and the highest NUE earnings forecast at $4,065,426,810.

In 2024, NUE is forecast to generate $3,607,800,232 in earnings, with the lowest earnings forecast at $2,304,096,608 and the highest earnings forecast at $4,908,843,236.

What is NUE's revenue growth forecast for 2022-2024?

(NYSE: NUE) NUCOR's forecast annual revenue growth rate of -3.35% is forecast to beat the US Steel industry's average forecast revenue growth rate of -3.66%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.42%.

NUCOR's revenue in 2022 is $39,960,081,000.On average, 4 Wall Street analysts forecast NUE's revenue for 2022 to be $11,252,982,214,099, with the lowest NUE revenue forecast at $10,753,836,134,413, and the highest NUE revenue forecast at $12,020,107,500,297. On average, 3 Wall Street analysts forecast NUE's revenue for 2023 to be $9,429,135,698,800, with the lowest NUE revenue forecast at $8,853,211,852,100, and the highest NUE revenue forecast at $10,497,599,838,743.

In 2024, NUE is forecast to generate $9,172,615,248,953 in revenue, with the lowest revenue forecast at $7,540,903,784,584 and the highest revenue forecast at $10,804,326,713,321.

What is NUE's forecast return on assets (ROA) for 2022-2024?

(NYSE: NUE) forecast ROA is 12.6%, which is higher than the forecast US Steel industry average of 9.88%.

What is NUE's Price Target?

According to 8 Wall Street analysts that have issued a 1 year NUE price target, the average NUE price target is $135.00, with the highest NUE stock price forecast at $190.00 and the lowest NUE stock price forecast at $102.00.

On average, Wall Street analysts predict that NUCOR's share price could reach $135.00 by Jun 14, 2023. The average NUCOR stock price prediction forecasts a potential upside of 21.56% from the current NUE share price of $111.06.

What is NUE's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: NUE) NUCOR's current Earnings Per Share (EPS) is $27.89. On average, analysts forecast that NUE's EPS will be $29.75 for 2022, with the lowest EPS forecast at $25.30, and the highest EPS forecast at $33.95. On average, analysts forecast that NUE's EPS will be $13.05 for 2023, with the lowest EPS forecast at $9.14, and the highest EPS forecast at $15.28. In 2024, NUE's EPS is forecast to hit $13.56 (min: $8.66, max: $18.45).

What is NUE's forecast return on equity (ROE) for 2022-2024?

(NYSE: NUE) forecast ROE is 23.73%, which is considered strong.
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