Longbow Research upgraded shares of Nucor (NYSE: NUE) from a neutral rating to a buy rating in a report issued on Monday.
Shares of Nucor traded up 2.38% during mid-day trading on Monday, hitting $46.49. Nucor has a one year low of $34.23 and a one year high of $48.60. The stock’s 50-day moving average is currently $46.39. The company has a market cap of $14.810 billion and a P/E ratio of 28.74.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 10th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.37 per share. This represents a $1.47 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, March 26th.
NUE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Nucor in a research note to investors on Thursday, January 31st. They now have a $49.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Nucor to $53.00 in a research note to investors on Thursday, January 31st. They now have a buy rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Nucor from $38.00 to $42.00 in a research note to investors on Wednesday, January 30th. They now have an equal weight rating on the stock.
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