Nucor stock gains on $4.84 EPS and JPMorgan's $308 target

Published on 09/16/2026 at 22:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nucor stock traded at USD 258.61 on September 16, 2026, with a market cap of USD 58.67 billion. JPMorgan lifted its target to USD 308.00 on September 9, 2026.

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Nucor Corp stock (ISIN US6703461052) traded at USD 258.61 on September 16, 2026, after a 1.6 percent move and a market value of USD 58.67 billion. The latest trading snapshot also showed a 12-month low of USD 131.32 and a 12-month high of USD 280.11.

JPMorgan lifts its target

According to MarketBeat, JPMorgan Chase & Co. lifted its price target on Nucor from USD 294.00 to USD 308.00 and kept an overweight rating on September 9, 2026. The same MarketBeat report said the consensus target stood at USD 274.38, with 13 buy ratings and 3 hold ratings.

That places JPMorgan's target 12.7 percent above the consensus level and 19.2 percent above the MarketBeat-reported opening price of USD 258.61.

Q2 numbers stay powerful

According to StockTitan, Nucor reported second-quarter 2026 net earnings attributable to stockholders of USD 1.16 billion, or USD 5.04 per diluted share, on net sales of USD 10,397 million. Adjusted net earnings were USD 1.11 billion, or USD 4.84 per diluted share, excluding a non-cash benefit tied to Helion.

MarketBeat said the adjusted EPS of USD 4.84 beat estimates of USD 4.46 by USD 0.38, while revenue of USD 10.40 billion topped the consensus estimate of USD 10.15 billion. It also said revenue rose 23.0 percent year over year and net margin reached 7.99 percent.

Stock near the top

Nucor's share price on September 16, 2026, sat just 6.3 percent below the 12-month high of USD 280.11 and 96.6 percent above the 12-month low of USD 131.32. With a 50-day average of USD 252.97 and a 200-day average of USD 225.44, the stock still trades above both trend lines.