Analyst Carlos De Alba from Morgan Stanley maintained a Buy rating on Nucor and keeping the price target at $152.00.
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Carlos De Alba has given his Buy rating due to a combination of factors that highlight Nucor’s strategic positioning and growth potential. The company is in the midst of a significant multi-year capital expenditure cycle, with plans to invest approximately $3 billion in both 2025 and 2026. This investment is aimed at building new mills and coating lines, including a major sheet mill project in West Virginia, which is expected to enhance Nucor’s production capabilities by late 2026.
Moreover, Nucor’s focus on steel-adjacent products, which offer tailored and value-added solutions, positions the company to capture growth opportunities beyond traditional steelmaking. These products, developed in collaboration with architects and developers, provide greater visibility into end-user demand and reduce exposure to steel market volatility. Additionally, Nucor’s strong cultural values, emphasizing safety and employee loyalty, contribute to its reputation for stability and resilience, further supporting the Buy recommendation.
In another report released on September 5, Freedom Capital Markets also upgraded the stock to a Buy with a $174.00 price target.
Based on the recent corporate insider activity of 73 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.