Looking at top Wall Street opinions, Nucor Corporation (NYSE: NUE) has recently made its way into the research list of BofA/Merrill – signaling that their analyst’s rating adjustment is noteworthy. This stock was Reiterated to a rating of Underperform in the eyes of BofA/Merrill, as reported on Friday, May 31st, 2019. Another heavy-hitting research note was published by BofA/Merrill on Friday May 31st, 2019, with this firm downgrading NUE to an updated rating of Underperform from its previous rating of Buy. In the past six months and three months of trading, shares of Nucor Corporation (NUE) have moved by -10.03% and -12.39%, respectively.
Brokerage Updates Related to Nucor Corporation (NUE) Stock
Of the latest market expert opinions, 1 have given an underperform rating, 0 has given a sell rating, and 3 have given a rating of Buy or better. Based on the 14 stock market experts following this company, the average 12-month price target is $68.54. Moreover, individual price targets range between $50.00-$80.00. With its recent move to $60.00, we can see that these firms project this stock will loss by -22.60% in one year.
Updates from Nucor Corporation (NUE) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.70% rise since the beginning of the calendar year. A Chairman, President and CEO at Nucor Corporation (NUE) sold off some of its shares in a transaction that was finalized on Apr 29. Similarly, Topalian Leon J sold 1,253 shares of the organization’s stock at $56.99 apiece and racked up $71,403 in earnings from the sale. Now, Topalian Leon J holds 46,593 shares of the company following the exchange. A Executive Vice President of the organization named NAPOLITAN RAYMOND S JR, was engaged in a transaction that occurred on Apr 25 that managed to be worth $582,800 from the sale of 10,000 common shares at a price of $58.28 per individual share.
Nucor Corporation (NYSE:NUE) Results in the Pipeline
The next scheduled release of financial results for Nucor Corporation will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $1.50. In the same vein, they expect sales for the quarter to amount to $6,066.01 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $6,096.62 million in revenue alongside EPS at $1.55. On average, the analyst projection was calling for $6,295.88 million with $2.07 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $6,742.20 million, with earnings per share ending up at $2.33.
J. C. Penney Company, Inc. (NYSE:JCP) experienced a gain of 0.98% from the closing price in the previous trading day. That boost the price to $1.03 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 17,297,467 shares of stock – compared to the typical average of 8.84M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $1.42.
Pricing Indications for J. C. Penney Company, Inc. (JCP)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 1.20 from its observable 50-day simple moving average. Right at this moment, the per-share value is -27.08% lower than the mean per-share price over the last 200 days in the market.
J. C. Penney Company, Inc. (NYSE:JCP) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 1 have a sell rating, 0 have a Buy rating, 0 have an outperform rating, while 10 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 3 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 3.40 , based on information from Thomson Reuters.
JCP Stock Value Potential
In trading activity as of late, this stock’s value was 1.41 up from its 200 day moving average, while also -14.89% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $0.50-$1.50. The market value for the entire organization reached 328.93M. In the last trading session, the price ended the day at $1.02. The institutional holdings related to this organization account for 4.40%, and the Beta factor is now 1.39. This company’s RSI (Relative Strength Index) managed to hit 47.57.
J. C. Penney Company, Inc. (NYSE:JCP) Analyst Points of Focus
J. C. Penney Company, Inc. (JCP) has found itself inside of Telsey Advisory Group’s research list, so their analyst rating adjustment is worth taking note of. This stock was Reiterated to Market Perform, by Telsey Advisory Group, as garnered from a news report on Friday November 16th, 2018. An additional helpful research note was sent out by Argus’s on Friday November 16th, 2018. The brokerage decided to downgrade JCP to Sell from its previous rating of Hold.