On a consensus basis, leading market professionals have mean target price of $59.227 for Nucor Corporation (NYSE:NUE). This stock call comes from the mean of 11 brokers’ projection. Research Groups study the financial parameters of a firm and then draft their individual reports on any given stock.
According to analysts, Nucor Corporation (NYSE:NUE) is anticipated to achieve EPS for the quarter of $0.5. It is the consensus seen based on the analysts’ posted figures. For the period ending on 2016-09-30 the EPS was $0.88.
Average broker recommendation is mean of the discrete ratings revealed by sell-side forecasters to get a Consensus Rating. On a base scale of 1 to 5, where 3 is hold and 1 is a Strong, the stock is ranked 2.08 based on 11 recommendations.
Of the 11 analyst predictions, the optimistic experts view the stock at $83 in the upcoming 12-months. Conservative target is fixed at $44.
In looking at the entity’s growth prospects, mean EPS target for the current year is $3.39. The high figure given for this time frame is $4.03 with the low being $2.77.
Analyzing 3-5 years EPS growth rate, it stands at 12%, based on 1 analysts providing projections.
Before finalizing any investment based on analysts call, it is recommendable to have a look at other factors including conflicts of interest. Many market professionals provide services to renowned financial entities that underwrite securities. This group of underwriter act as an intermediary organization between the firm offering securities and stockholders purchasing the equity. Even after completion of the IPO, they can extend association with the firm or own a striking amount of the entity’s equity. It will time and again gain from analyst calls that would increase the price of, or surge trading in, that security.