Analyst Rating Update on Gerdau S.A. (GGB)

Gerdau S.A. (GGB) : The consensus on Gerdau S.A. (GGB) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Gerdau S.A. (GGB) : The highest short term price target forecast on Gerdau S.A. (GGB) is $6 and the lowest target price is $2. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $3.95 with a standard deviation of $2.9.

Company shares have received an average consensus rating of Hold for the current week


Gerdau S.A. (NYSE:GGB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.24 and $2.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.38, notching a gain of 5.78% for the day. The total traded volume was 7,100,960 . The stock had closed at $2.25 on the previous day.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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