Are Analysts Bearish Gerdau S.A. (NYSE:GGB) After Last Week?

January 14, 2018 - By Adrian Erickson

 Are Analysts Bearish Gerdau S.A. (NYSE:GGB) After Last Week?

Gerdau S.A. (NYSE:GGB) Ratings Coverage

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Gerdau had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by J.P. Morgan on Friday, September 1. As per Monday, August 10, the company rating was initiated by Goldman Sachs. The stock of Gerdau S.A. (NYSE:GGB) has “Outperform” rating given on Thursday, August 4 by Credit Suisse. JP Morgan upgraded Gerdau S.A. (NYSE:GGB) on Friday, September 1 to “Overweight” rating. Scotia Capital downgraded Gerdau S.A. (NYSE:GGB) on Tuesday, October 25 to “Underperform” rating. The firm has “Underperform” rating by Bank of America given on Monday, February 22. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, August 18. Credit Suisse downgraded the stock to “Hold” rating in Thursday, September 7 report. The firm has “Buy” rating by Bank of America given on Monday, November 27. Below is a list of Gerdau S.A. (NYSE:GGB) latest ratings and price target changes.

27/11/2017 Broker: Bank of America Rating: Buy New Target: $4.25 Upgrade
07/09/2017 Broker: Credit Suisse Rating: Hold Downgrade
01/09/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
01/09/2017 Broker: J.P. Morgan Rating: Buy Upgrade

The stock increased 0.65% or $0.03 during the last trading session, reaching $4.66. About 21.16M shares traded or 144.93% up from the average. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 14, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $7.91 billion. The firm operates through Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. It currently has negative earnings. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as mines and produces iron ore.

More notable recent Gerdau S.A. (NYSE:GGB) news were published by: Finance.Yahoo.com which released: “Gerdau SA (ADR) Steel Maker Financial Review and 2017 Outlook” on April 24, 2017, also Quotes.Wsj.com with their article: “Gerdau S/A ADR” published on February 11, 2011, Reuters.com published: “US firm files class action against Brazil steelmaker Gerdau” on May 26, 2016. More interesting news about Gerdau S.A. (NYSE:GGB) were released by: Businesswire.com and their article: “Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Boland v …” published on August 04, 2017 as well as Foxbusiness.com‘s news article titled: “ADRs End Higher” with publication date: January 02, 2018.

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