Analyst Ratings for Gerdau S/A ADR (GGB)

Updated: 2017-07-27

An average rating of Overweight has been given to Gerdau S/A ADR (NYSE:GGB) by analysts covering the stock. GGB had previously received a consensus rating of Overweight a month ago.

14 analysts issued ratings on the stock, where 7 gave GGB a buy rating, 0 issued an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has decreased by 1.

Investment analysts gave a few price targets for GGB. The most optimistic price target was 4.4, implying a possible profit of 33.74 percent. The most pessimistic price target was 2.72, which equates to a potential downside of -17.33 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 6.25 percent. If we look at the last 90 days instead, we find a net average change of 63.64 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

In the last 52-weeks, GGB has achieved a high of 4.39 and a low of 2.19. Today's price is 50.23 percent above the 52-week low, and 25.06 percent lower than its 52-week high. GGB has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The GGB value stock report compares GGB to some of its peers using value stock charts. The market cap of GGB is $5.73 billion. GGB's next earnings release will be on 0000-00-00, which is days away.