BMO Capital analyst David Gagliano maintained a Hold rating on Nucor Corp (NYSE:NUE). on Monday, setting a price target of $110, which is approximately 0.45% below the present share price of $110.5.
Gagliano expects Nucor Corp. to post earnings per share (EPS) of $7.29 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Nucor, with an average price target of $117.29.
The analysts price targets range from a high of $142 to a low of $104.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $10.31 billion and a net profit of $2.88 billion. The company's market cap is $31.58 billion.
According to TipRanks.com, BMO Capital analyst David Gagliano is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.1% and a 47.78% success rate.
Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.