Is Nucor (NUE) Still Attractive After A 35% One Year Share Price Gain
- If you are wondering whether Nucor’s share price still reflects good value or is already pricing in a lot of optimism, you are in the right place.
- Nucor’s stock closed at US$176.07, with returns of 0.3% over 7 days, a 2.7% decline over 30 days, 3.9% year to date and 35.1% over 1 year. The 5 year return stands at 182.1% and the 3 year return at 6.1%.
- Recent headlines around Nucor have mainly focused on its position in the US steel industry and how investors are thinking about its long term role in construction and manufacturing. This context helps explain why some investors are reassessing the balance between opportunity and risk after the strong 1 year share price performance.
- On our checks, Nucor scores 4 out of 6 on valuation, which…
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