How Many Nucor Corporation (NYSE:NUE)’s Analysts Are Bearish?

December 7, 2017 - By Jacob Falcon

 How Many Nucor Corporation (NYSE:NUE)'s Analysts Are Bearish?
Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.08, from 1.32 in 2017Q1. It is negative, as 57 investors sold Nucor Corporation shares while 200 reduced holdings. 94 funds opened positions while 224 raised stakes. 235.76 million shares or 1.71% less from 239.86 million shares in 2017Q1 were reported.
Verity Asset Inc stated it has 6,180 shares or 0.27% of all its holdings. State Of Wisconsin Inv Board invested in 0.05% or 261,630 shares. Patten holds 0.04% or 1,525 shares. Pub Sector Pension Inv Board reported 129,107 shares or 0.06% of all its holdings. Tennessee-based State Of Tennessee Treasury Department has invested 0.11% in Nucor Corporation (NYSE:NUE). Hl Financial Service Ltd Liability Co owns 6,922 shares or 0.01% of their US portfolio. Ls Invest Advisors Limited Liability has 47,655 shares. Aqr Capital Limited Liability Co has 0.02% invested in Nucor Corporation (NYSE:NUE) for 203,969 shares. Lombard Odier Asset Mgmt (Europe) Limited holds 0.01% in Nucor Corporation (NYSE:NUE) or 4,286 shares. 905 were reported by Salem Investment Counselors. Employees Retirement Of Texas accumulated 0.15% or 194,000 shares. Fukoku Mutual Life invested in 2,500 shares. Texas Permanent School Fund reported 89,645 shares. Rmb Mngmt Ltd Liability Corp owns 83,356 shares for 0.14% of their portfolio. 367 are held by Cornerstone Advsr Inc.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Nucor Corporation had 71 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Buy” on Monday, October 5. The rating was upgraded by Bank of America to “Buy” on Wednesday, November 9. The firm has “Buy” rating given on Wednesday, November 2 by Berenberg. The stock of Nucor Corporation (NYSE:NUE) earned “Hold” rating by Berenberg on Monday, November 14. The firm earned “Underperform” rating on Tuesday, November 29 by Macquarie Research. The company was downgraded on Wednesday, March 23 by Deutsche Bank. Bank of America maintained it with “Buy” rating and $71 target in Friday, October 20 report. Standpoint Research downgraded the shares of NUE in report on Wednesday, April 13 to “Hold” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, February 13. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, July 6 report. Below is a list of Nucor Corporation (NYSE:NUE) latest ratings and price target changes.

17/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain
23/10/2017 Broker: Cowen & Co Rating: Hold New Target: $63.0 Maintain
20/10/2017 Broker: Bank of America Rating: Buy Old Target: $73 New Target: $71 Maintain
20/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $63 New Target: $67 Maintain
20/10/2017 Broker: Citigroup Rating: Buy Old Target: $65 New Target: $66 Maintain
19/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
17/10/2017 Broker: Jefferies Rating: Buy New Target: $67.0 Maintain
04/10/2017 Broker: Jefferies Rating: Buy New Target: $68.0 Maintain
02/10/2017 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
28/09/2017 Broker: Credit Suisse Rating: Buy New Target: $63.0 Maintain

The stock increased 1.12% or $0.65 during the last trading session, reaching $58.59. About 2.23M shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since December 7, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $18.63 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.45 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

More recent Nucor Corporation (NYSE:NUE) news were published by: which released: “Nucor to Build Merchant Bar Mill at Nucor Steel Kankakee, Inc.” on November 15, 2017. Also published the news titled: “Nucor Corporation Eyes Sedalia, Missouri, Rebar Micro Mill” on November 22, 2017.‘s news article titled: “Where Will Nucor Corporation Be in 10 Years?” with publication date: November 27, 2017 was also an interesting one.

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