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.
Several price targets were given for GGB by the analysts covering the stock. The most optimistic analyst gave a price target of 4.4, implying a possible profit of 33.74 percent. The most pessimistic analyst gave a price target of 2.72, which equates to a potential downside of -17.33 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 6.25 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 63.64 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
GGB has traded between a high of 4.39 and a low of 2.19 over the past year. The current market price is above the trailing year's low by 50.23 percent, 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 stock has a market capitalization of $5.73 billion. GGB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.