Gerdau S.A. (GGB) : The most positive equity analysts on Gerdau S.A. (GGB) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $4.13 with an expected fluctuation of $2.65 from the mean.
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 2 which endorses a Buy 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.
Also, Major Brokerage house, Morgan Stanley upgrades its ratings on Gerdau S.A. (NYSE:GGB). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on August 18, 2016.
Gerdau S.A. (NYSE:GGB): The stock opened at $2.77 on Thursday but the bulls could not build on the opening and the stock topped out at $2.78 for the day. The stock traded down to $2.69 during the day, due to lack of any buying support eventually closed down at $2.70 with a loss of -2.17% for the day. The stock had closed at $2.76 on the previous day. The total traded volume was 15,026,516 shares.
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.