Brokers Opinions on: Gerdau S.A. (NYSE:GGB)


Gerdau S.A. (NYSE:GGB) belonging to the Basic Materials sector has declined -1.74% and closed its last trading session at $3.96.

The company reported its EPS on 11/09/2016. Currently, the stock has a 1 Year Price Target of $10.11.

The consensus recommendation, according to Zacks Investment research, is 4. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.67 and 3 respectively.

Gerdau S.A. on 11/09/2016 reported its EPS as $0.05 with the analysts projecting the EPS of the stock as $0.01. The company beat the analyst EPS Estimate with the difference of $0.04. This shows a surprise factor of 400%.

Many analysts have provided their estimated foresights on Gerdau S.A. Earnings, with 1 analysts believing the company would generate an Average Estimate of $-0.18. Whereas they predicted High and Low Earnings Estimate as $-0.18 and $-0.18 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.02.

Analysts are also projecting an Average Revenue Estimate for Gerdau S.A. as $8.73 Billion in the Current Quarter. This estimate is provided by 1 analysts. The High Revenue estimate is predicted as 8.73 Billion, while the Low Revenue Estimate prediction stands at 8.73 Billion. The company’s last year sales total was 10.45 Billion.

For the Current Quarter, the growth estimate for Gerdau S.A. is -800%, while for the Next Quarter the stock growth estimate is 700%. In the past 5 years, the stock showed growth of -26.7% per annum. While for the next 5 years, the growth estimate is -37628.5%.

The Company got Downgrade by JP Morgan on 10-Oct-16 from Overweight to Neutral.

6 analysts projected Price Targets for Gerdau S.A.. The analysts believe that the company stock price could grow as high as $15.62. The Low Price target projection by analysts is $3.97 and the Mean Price Target is $10.11.

Gerdau S.A. (NYSE:GGB) has the market capitalization of $6.19 Billion. The company rocked its 52-Week High of $4.31 on Nov 28, 2016 and touched its 52-Week Low of $0.87 on Feb 26, 2016. The stock has Return on Assets (ROA) of -4.7 percent. Return on Equity (ROE) stands at -10.2% and Return on Investment (ROI) of -2.9 percent.

The stock is currently showing YTD performance of 26.11 Percent. The company has Beta Value of 2.27 and ATR value of 0.16. The Weekly and Monthly Volatility stands at 3.25% and 4.09%.

Company profile:

GERDAU S.A. throughout its 101 years of activities, they are largest long steel producer in Latin America, and have made an important contribution in building the history of the Brazilian industry. Gerdau Group dedicates itself to meeting the growing demands of several dynamic industries involved in the production of goods and in the development of the economy. Gerdau steel is used in construction and industry as well as in the automotive and agricultural sectors.