How Negative is Morgan Stanley on Nucor Corp (NYSE:NUE) Following Today’s Downgrade? The TP is $60.0

September 17, 2017 - By reb123z

  How Negative is Morgan Stanley on Nucor Corp (NYSE:NUE) Following Today’s Downgrade? The TP is $60.0

Investors sentiment increased to 1.03 in 2016 Q4. Its up 0.06, from 0.97 in 2016Q3. It increased, as 49 investors sold Nucor Corporation shares while 230 reduced holdings. 106 funds opened positions while 180 raised stakes. 241.22 million shares or 0.70% more from 239.54 million shares in 2016Q3 were reported.

Moreover, Sei Investments has 0.02% invested in Nucor Corporation (NYSE:NUE). Concannon Wealth Mgmt Ltd Co holds 0.01% or 150 shares in its portfolio. Chemical Bankshares accumulated 7,462 shares. Bermuda-based Fil Limited has invested 0% in Nucor Corporation (NYSE:NUE). Columbia Asset Management reported 2,600 shares or 0.05% of all its holdings. Ca reported 0.11% stake. Moreover, Pggm Invests has 0.06% invested in Nucor Corporation (NYSE:NUE) for 212,740 shares. Cincinnati Insurance reported 979,512 shares or 1.9% of all its holdings. Sigma Planning Corp holds 0.07% of its portfolio in Nucor Corporation (NYSE:NUE) for 10,622 shares. Wexford Capital Limited Partnership has 3,963 shares for 0.02% of their portfolio. Chevy Chase Tru Hldgs Incorporated accumulated 350,140 shares. Lord Abbett & Ltd holds 0.03% or 148,800 shares. Hanson Mcclain has 413 shares. Advantus Cap accumulated 31,890 shares or 0.05% of the stock. Savant Capital Limited Co holds 0.07% or 4,226 shares in its portfolio.

Nucor Corp (NYSE:NUE) Receives a Downgrade

The stock rating of Nucor Corp (NYSE:NUE) was decreased by professional analysts at Morgan Stanley to a Hold. This has been announced in an analyst note issued to investors and clients on 12 September. Morgan Stanley currently has a $60.0 price target on the shares, which suggests a possible upside of 12.15 %.

Investors sentiment increased to 1.03 in 2016 Q4. Its up 0.06, from 0.97 in 2016Q3. It increased, as 49 investors sold Nucor Corporation shares while 230 reduced holdings. 106 funds opened positions while 180 raised stakes. 241.22 million shares or 0.70% more from 239.54 million shares in 2016Q3 were reported.

Moreover, Sei Investments has 0.02% invested in Nucor Corporation (NYSE:NUE). Concannon Wealth Mgmt Ltd Co holds 0.01% or 150 shares in its portfolio. Chemical Bankshares accumulated 7,462 shares. Bermuda-based Fil Limited has invested 0% in Nucor Corporation (NYSE:NUE). Columbia Asset Management reported 2,600 shares or 0.05% of all its holdings. Ca reported 0.11% stake. Moreover, Pggm Invests has 0.06% invested in Nucor Corporation (NYSE:NUE) for 212,740 shares. Cincinnati Insurance reported 979,512 shares or 1.9% of all its holdings. Sigma Planning Corp holds 0.07% of its portfolio in Nucor Corporation (NYSE:NUE) for 10,622 shares. Wexford Capital Limited Partnership has 3,963 shares for 0.02% of their portfolio. Chevy Chase Tru Hldgs Incorporated accumulated 350,140 shares. Lord Abbett & Ltd holds 0.03% or 148,800 shares. Hanson Mcclain has 413 shares. Advantus Cap accumulated 31,890 shares or 0.05% of the stock. Savant Capital Limited Co holds 0.07% or 4,226 shares in its portfolio.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation has $77.5000 highest and $38 lowest target. $62.77’s average target is 17.33% above currents $53.5 stock price. Nucor Corporation had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 24 by BB&T Capital. Jefferies maintained the stock with “Buy” rating in Wednesday, September 16 report. The firm has “Hold” rating given on Monday, December 28 by Standpoint Research. The firm earned “Overweight” rating on Tuesday, January 12 by Barclays Capital. The firm has “Hold” rating given on Friday, August 25 by BMO Capital Markets. The stock of Nucor Corporation (NYSE:NUE) has “Underperform” rating given on Tuesday, November 29 by Macquarie Research. The firm has “Buy” rating given on Wednesday, October 14 by Berenberg. Argus Research upgraded the stock to “Buy” rating in Friday, June 24 report. The stock of Nucor Corporation (NYSE:NUE) has “Hold” rating given on Monday, November 14 by Berenberg. The rating was maintained by Cowen & Co on Thursday, July 20 with “Hold”.

The stock decreased 0.85% or $0.46 on September 15, reaching $53.5. About 3.60M shares traded or 72.25% up from the average. Nucor Corporation (NYSE:NUE) has risen 21.74% since September 17, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on October, 19. They expect $1.06 EPS, up 20.45 % or $0.18 from last year’s $0.88 per share. NUE’s profit will be $338.61 million for 12.62 P/E if the $1.06 EPS becomes a reality. After $1.00 actual EPS reported by Nucor Corporation for the previous quarter, Wall Street now forecasts 6.00 % EPS growth.

Nucor Corporation manufactures steel and steel products. The company has market cap of $17.09 billion. The Firm produces direct reduced iron (DRI) for use in its steel mills. It has a 14.7 P/E ratio. It operates in three divisions: steel mills, steel products and raw materials.

More recent Nucor Corporation (NYSE:NUE) news were published by: Fool.com which released: “Why Long-Term Investors Should Prefer Nucor Corporation over United States …” on August 28, 2017. Also Seekingalpha.com published the news titled: “Nucor: Potential Catalysts” on September 12, 2017. Fool.com‘s news article titled: “7 Fascinating Things You Probably Didn’t Know About Nucor Corp.” with publication date: August 20, 2017 was also an interesting one.

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