Nucor (NUE) Upgrade of Rating

Nucor (NUE) was increased by Longbow Research from Neutral rating to Buy rating in a research report published on Wednesday, 20 December.

Out of 15 brokers covering Nucor, 7 rate it a Buy, 9 indicate a Hold while 1 suggest a Sell. The highest target is $60 and the lowest is $44 according to Thomson/First Call. The 12-month mean target is $53, which means upside potential of ∞% over the current price.

Institutional Ownership

Cincinnati Indemnity Co had the biggest stake with ownership of 22,500 shares as of Q2 2015 for 4.86% of the long stock exposure. Grace & White Inc Ny is another bullish investment professional who is having 224,487 shares of Nucor or 2.47% of their long stock exposure. Moreover, State Farm Mutual Automobile Insurance Co have 2.24% of their long stock exposure invested in the company for 30.45M shares. The -based fund Bonness Enterprises Inc revealed it had bought so far a stake worth about 2.05% of the investment professional’s stock portfolio in Nucor. The Ohio-based fund Cincinnati Specialty Underwriters Insurance Co is also positive about the stock, possessing 49,850 shares or 1.88% of their long stock exposure.

Nucor (NUE) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Nucor has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

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