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.
GGB was given price targets by several analysts. The maximum price target given was 4.4, which equates to a potential upside of 33.74 percent. The most pessimistic price target was 2.72, which equates to a potential downside of -17.33 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
GGB has traded between a high of 4.39 and a low of 2.19 over the past year. Currently the stock is 50.23 percent higher than its 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.