Keybanc Raises Nucor's Price Target to $274
Keybanc upgraded Nucor to a 'buy' rating, setting a new price target of $274, a 10.89% upside from the current price.
Key Points
- Keybanc analyst Samuel McKinney upgraded Nucor Corporation to a 'buy' with a $274 price target on June 24, 2026.
- Keybanc's $274 price target implies 10.89% upside from Nucor Corporation's ($NUE) current $247.10 share price.
- Nucor's shares traded near $239.14 on Wednesday with a market cap of $55.8 billion and a P/E ratio of 24.3.
- Insiders at Nucor were active in early June, with various transactions including buys and sells by top executives.
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Keybanc has upgraded Nucor Corporation (NYSE: NUE) to a 'buy' rating and set a new price target of $274. Analyst Samuel McKinney announced the change on June 24, 2026. This move reflects a positive outlook for the steelmaker as it continues to navigate the market.
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Nucor Corporation Stock Down 1.4%
Shares of NYSE:NUE traded near $239.14 on Wednesday. Nucor Corporation, with a market cap of approximately $55.8 billion, has a P/E ratio of 24.3 and a forward P/E of 14.8. The stock has experienced a 52-week low of $122.82 and a high of $270.9. Its 50-day moving average stands at $229.92, while the 200-day moving average is $177.06. The company maintains a current ratio of 2.9 and a quick ratio of 1.45, with a debt-to-equity ratio of 31.6.
$NUE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Nucor reported revenue of $34.16 billion, with a revenue growth rate of 21.3%. The company's earnings per share (EPS) is $10.07, and it holds a net margin of 6.8%. Return on equity (ROE) is at 12.3%. Nucor is expected to announce its next earnings on July 27, 2026.
Dividend
Nucor pays an annual dividend rate of $2.24, yielding 0.92%. The dividend payout ratio is 22.02%, reflecting a balanced approach to returning value to shareholders.
Insider Buying and Selling at Nucor Corporation
In early June 2026, several Nucor insiders were active in the market. Executive Vice President John Hollatz sold 10,560 shares at an average price of $258.46 on June 3 and also bought the same number of shares at $131.82 on the same day. Executive Vice President Kenneth Rex Query sold 6,438 shares at $250 on June 1. Additionally, Bradley Ford, another Executive Vice President, purchased 2,303 shares, and CFO John Leo Sullivan III bought 1,662 shares at undisclosed prices on June 1.
Analysts Set New Price Targets
On June 24, 2026, Keybanc upgraded Nucor to a 'buy' and set a price target of $274. Morgan Stanley maintained a 'hold' rating with a $258 target on June 22, while Wells Fargo maintained a 'buy' rating with a $283 target on June 18. The consensus rating for Nucor is 'buy', with an average target price of $257.81 among 15 analyst opinions.
About Nucor Corporation
Nucor Corporation is a leading steel and steel products manufacturer based in Charlotte, North Carolina. The company operates through three main segments: Steel Mills, Steel Products, and Raw Materials. Nucor serves a diverse customer base across the United States, Canada, and Mexico, providing a wide range of steel products, including sheet steel, plate steel, structural products, and bar steel. The company is led by CEO Leon J. Topalian and employs around 33,000 people.
Bottom Line
Keybanc's upgrade of Nucor to a 'buy' with a $274 price target highlights confidence in the company's prospects. Investors closely watch analyst ratings and price targets as they consider potential investments. It's important to note that these ratings reflect past data and market conditions as of the report date.
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