JPMorgan cuts target to USD 296.00 for Nucor stock

Published on 10/16/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nucor expects USD 5.55-5.65 adjusted earnings per share in the third quarter of 2026. Nucor stock costs EUR 232.80 at Lang & Schwarz on October 16, 2026.

Analyst target and earnings outlook

JPMorgan lowered its Nucor target from USD 308.00 to USD 296.00 on October 9, 2026.
Nucor expects adjusted earnings per share of USD 5.55-5.65 for the third quarter of 2026.
Nucor stock costs EUR 232.80 at Lang & Schwarz on October 16, 2026 at 4:08 p.m. CEST, while NYSE trading is up 3.17 percent from USD 254.69.

Editorialfoto der klassizistischen Börsenfassade an der Wall Street mit amerikanischen Flaggen und Säulen — Nucor Corporation US6703461052 repräsentiert durch Börsen-Editorialfoto der klassischen NYSE-Fassade mit amerikanischen Flaggen und Säulen, Illustration mit AI erstellt.

JPMorgan cut its Nucor target from USD 308.00 to USD 296.00 in a research report dated October 9, 2026, as reported by Yahoo Finance. The revised target remains 12.65 percent above Nucor's USD 262.76 price on the NYSE at 10:20 a.m. ET on October 16, 2026. Nucor stock was trading at EUR 232.80 at Lang & Schwarz on October 16, 2026 at 4:08 p.m. CEST.

Third-quarter earnings carry a clear range

Nucor expects adjusted earnings per share of USD 5.55-5.65 for the third quarter of 2026. The company had reported adjusted earnings per share of USD 4.84 for the second quarter, after a USD 0.20 per-share non-cash benefit from the valuation of its Helion investment. These figures were disclosed in Nucor's September 17, 2026 release, available from Nucor.

Price position and valuation

Nucor's 52-week NYSE range was USD 131.32 to USD 280.11 as of October 16, 2026. At USD 262.76, the stock stood 6.19 percent below that high, while its year-to-date change was not included in the quoted market figures. Trading volume was 213,699 shares against an average of 1,348,456 shares.

Nucor's market capitalization was USD 59.6 billion and its price-to-earnings ratio was 20.95 as of October 16, 2026. Its trailing dividend yield was 0.01 percent. The scheduled third-quarter earnings release is after the market close on October 26, 2026, according to Nucor.

Comparison with peers

Nucor Corp: price-to-earnings ratio 20.95, market capitalization USD 59.6 billion.

Steel Dynamics (Nasdaq, USD): price-to-earnings ratio 22.33, market capitalization USD 35.5 billion.

Cleveland-Cliffs (NYSE, USD): price-to-earnings ratio minus 7.45, market capitalization USD 7.1 billion.

What the target means for valuation

JPMorgan's USD 296.00 target sits above the October 16 NYSE price but below Nucor's 52-week high of USD 280.11 only when the currencies are kept separate. The euro quotation provides the German-market view, while the NYSE price and analyst target frame the valuation in USD.

Stock price in euros

Nucor stock was trading at EUR 232.80 at Lang & Schwarz on October 16, 2026 at 4:08 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nucor stock.