Nucor | NUE | Long at $120.17

13 Jun

Nucor NUE , a US manufacture of steel and steel products, will likely capitalize on reduced foreign competition as tariffs become reality. The CEO also recently stated that the steelmaker's order backlog is the largest in its history and is increasing prices. So, while there is a potential for short-term downside as tariff "unknowns" are negotiated, the longer-term upside may be there for those who are patient... but time will tell.

Basic Fundamentals:

• Current P/E: 21x
  
• Forward P/E: 15-16x
  
• Earnings are forecast to grow 29.6% per year
  
• Projected Revenue in 2025: $32.3 billion
  [*} Projected Revenue in 2028: $39.4 billion
  
• Debt-to-Equity: 0.4x (healthy)
  
• Dividend Yield: 1.8%
  

Technical Analysis:

• Riding below the historical simple moving average and there is risk the daily price gap near $109 will close before moving higher. If there is a "crash" in price, $70s is absolutely possible which will be a "steel" if fundamentals do not change.
  

Targets in 2027:

1. $142.00 (+18.2%)
   
2. $187.00 (+55.6%)
   

14 Jul

Dagangan aktif

Target #1 reached for a +18.2% gain.