What's The Story Behind Gerdau SA (NYSE:GGB)

Joann Johnston
January 13, 2018

COPYRIGHT VIOLATION WARNING: "Gerdau (NYSE:GGB) Receives Daily News Sentiment Rating of 0.20" was first posted by StockNewsTimes and is the property of of StockNewsTimes. The stock has a market capitalization of $7.08 Billion however its outstanding shares are 1.65 Billion. The mean target price as estimated by the analysts for the company has been recorded at $4.22.

Tracking stock levels, Gerdau S.A. (GGB) has a 14-day Commodity Channel Index (CCI) of 151.72. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. The higher the number, the more profit per dollar is being made on investor capital.

While looking at the Stock's Performance, Gerdau S.A. now shows a Weekly Performance of 11.84%, where Monthly Performance is 31.91%, Quarterly performance is 35.78%, 6 Months performance is 37.39% and yearly performance percentage is 16.92%.

In terms of Buy, Sell or Hold recommendations, Gerdau S.A. (NYSE:GGB) has analysts' mean recommendation of 2.

Gerdau S.A. (NYSE:GGB) shares price surged 8.18% during latest trading session.

Maximum and minimum EPS estimate for the current quarter is projected at $0.11 and $-0.27, respectively, according to 14 analysts. However the low revenue estimates for the company are $3.05 Billion versus high revenue estimates of $3.05 Billion.

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While considering growth estimates of the company, it has next quarter growth estimates of -73.3% whereas during current quarter it has 150% estimations over growth, comparing to the estimations of 25% during current year and 20% for next year. Bank of America upgraded shares of Gerdau from a "neutral" rating to a "buy" rating and set a $4.00 price objective on the stock in a research note on Monday, November 27th. Its 52-week high and low range is between $4.39 and $2.6. The Stock now has a Weekly Volatility of 4.45% and Monthly Volatility of 3.26%. Year to date performance remained at 15.05%. The Weekly Volatility is 3.37% and the Monthly Volatility is 3.06%.

Additionally on 10/25/16 Scotiabank "Downgrades" Gerdau S.A. (NYSE:GGB) to Underperform and on 8/18/16 Morgan Stanley "Upgrades" the stock to Overweight.

Institutional investors now hold around $844 million or 20.4% in GGB stock. There has been an observed change of 0.00% in the ownership of the shares in the past six months.

Gerdau S.A. (NYSE:GGB) 52-week high price stands at $4.39 and low price stands at $2.60, its price distance from 52-week high is -1.59% while its distance from 52-week low price is 66.15%. The NYSE listed company saw a recent bid of $4.605 and 17846953 shares have traded hands in the session. Average estimation for the current quarter has been provided by 1 analysts. EPS enables the earnings of a company to easily be compared to their competitors. A low P/E can indicate either that a company may now be undervalued or that the company is doing exceptionally well relative to its past trends. While for the Next 5 years, the company could expect a growth of 28.57% per annum, whereas in the past Five years Gerdau S.A. (NYSE:GGB) showed a growth of -18.56 Percent per annum. Its book value per share for the most recent quarter is $4.46 while its price to book ratio for the same period is 0.97, as for as the company's cash per share for the most recent quarter is $0.95, however its price to cash per share ratio for the same period is 4.56.

The company is expected to report earnings of $0.47 a share for the next quarter.

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