UBS Releases a Hold Rating on Nucor (NUE)

In a report released today, Julian Radlinger from UBS assigned a Hold rating to Nucor, with a price target of $184.00.

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Radlinger covers the Basic Materials sector, focusing on stocks such as Heidelberg Materials, Holcim, and Nucor. According to TipRanks, Radlinger has an average return of -6.2% and a 27.78% success rate on recommended stocks.

Currently, the analyst consensus on Nucor is a Moderate Buy with an average price target of $190.67.

Based on Nucor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.69 billion and a net profit of $378 million. In comparison, last year the company earned a revenue of $7.08 billion and had a net profit of $287.03 million

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NUE in relation to earlier this year. Last month, KENNETH REX QUERY, the EVP of NUE sold 7,452.00 shares for a total of $1,460,666.52.