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 most optimistic analyst gave a price target of 4.4, which equates to a potential upside 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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. 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.
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, 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. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.