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.
Many analysts weighed in on price targets for GGB. The maximum price target given was 4.4, which equates to a potential upside of 33.74 percent. The minimum price target given was 2.72, which equates to a potential downside of -17.33 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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. If we look at the last 90 days instead, we find a net average change of 63.64 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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 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 below the high by 25.06 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.