Shares of Gerdau SA (NYSE:GGB) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company.
Several analysts have recently commented on GGB shares. Zacks Investment Research lowered shares of Gerdau from a “buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Gerdau in a research report on Monday, April 20th. ValuEngine lowered shares of Gerdau from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Itau BBA Securities upgraded shares of Gerdau from a “market perform” rating to an “outperform” rating in a report on Friday, July 24th. Finally, Bank of America downgraded shares of Gerdau from a “neutral” rating to an “underperform” rating in a report on Monday, June 8th.
GGB stock opened at $3.34 on Thursday. The firm has a market cap of $5.74 billion, a PE ratio of 23.86, a PEG ratio of 2.85 and a beta of 2.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 2.03. The firm’s 50 day moving average price is $3.01 and its 200-day moving average price is $3.11. Gerdau has a one year low of $1.65 and a one year high of $5.34.
Gerdau (NYSE:GGB) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.25. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.68 billion. Gerdau had a net margin of 2.52% and a return on equity of 3.84%. Equities research analysts predict that Gerdau will post 0.08 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Capital International Investors increased its holdings in Gerdau by 17.5% in the 1st quarter. Capital International Investors now owns 122,973,071 shares of the basic materials company’s stock valued at $234,879,000 after purchasing an additional 18,301,194 shares during the last quarter. Luminus Management LLC acquired a new position in shares of Gerdau in the first quarter worth $18,427,000. Wellington Management Group LLP grew its stake in shares of Gerdau by 341.5% in the first quarter. Wellington Management Group LLP now owns 3,737,384 shares of the basic materials company’s stock worth $7,139,000 after acquiring an additional 2,890,909 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Gerdau by 13.8% in the first quarter. Parametric Portfolio Associates LLC now owns 1,717,289 shares of the basic materials company’s stock worth $3,280,000 after acquiring an additional 208,298 shares in the last quarter. Finally, Windsor Creek Advisors LLC grew its stake in shares of Gerdau by 65.1% in the first quarter. Windsor Creek Advisors LLC now owns 965,124 shares of the basic materials company’s stock worth $1,843,000 after acquiring an additional 380,624 shares in the last quarter. Hedge funds and other institutional investors own 10.40% of the company’s stock.
Gerdau SA provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles, which are used primarily in the construction and manufacturing industries; and drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps, as well as mines and produces iron ore.
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