Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Nucor (NUE) Share Price
Media coverage about Nucor (NYSE:NUE) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nucor earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.7820670852767 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Cleveland-Cliffs Stock Rises on Tariff Recommendations (finance.yahoo.com)
- Nucor Announces 180th Consecutive Cash Dividend (finance.yahoo.com)
- Comparing US Steel Producers’ Financial Leverage (finance.yahoo.com)
- AK Steel’s Interest Coverage Ratio versus U.S. Steel’s (finance.yahoo.com)
- Why Net Debt Rose for Nucor and AK Steel Last Year (finance.yahoo.com)
Nucor (NYSE NUE) traded down $0.98 during mid-day trading on Tuesday, reaching $67.56. 3,453,305 shares of the company were exchanged, compared to its average volume of 3,260,000. The firm has a market cap of $21,480.00, a PE ratio of 16.48, a PEG ratio of 1.17 and a beta of 1.56. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. Nucor has a one year low of $51.67 and a one year high of $70.48.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. Nucor’s dividend payout ratio (DPR) is presently 37.07%.
A number of research firms have commented on NUE. Credit Suisse Group raised their target price on shares of Nucor from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Morgan Stanley cut their price objective on shares of Nucor from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Nucor from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, February 13th. BMO Capital Markets lifted their price objective on shares of Nucor to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Nucor in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $69.70.
In related news, EVP Robert J. Stratman sold 39,037 shares of Nucor stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now directly owns 233,824 shares in the company, valued at approximately $14,936,677.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John J. Ferriola sold 14,313 shares of Nucor stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $64.12, for a total transaction of $917,749.56. Following the completion of the sale, the chairman now owns 333,775 shares of the company’s stock, valued at $21,401,653. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-nucor-nue-share-price/1878766.html.
Nucor Company Profile
Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).
Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.