PriceTargets.com logo

Gerdau - GGB Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $5.71
  • Forecasted Upside: 12.26%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$5.09 As of 06/2/2023 11:52 AM ET
▲ +0.26 (5.38%)

This chart shows the closing price for GGB by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Gerdau Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for GGB and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for GGB

Analyst Price Target is $5.71
▲ +12.26% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Gerdau in the last 3 months. The average price target is $5.71, with a high forecast of $5.71 and a low forecast of $5.71. The average price target represents a 12.26% upside from the last price of $5.09.

This chart shows the closing price for GGB for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Hold

The current consensus among 2 investment analysts is to hold stock in Gerdau. This rating has held steady since November 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/4/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/2/2023

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/9/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$6.67 ➝ $5.71Low
2/8/2023The Goldman Sachs GroupDowngradeBuy ➝ NeutralLow
12/10/2021The Goldman Sachs GroupInitiated CoverageBuyLow
11/12/2021CitigroupUpgradeNeutral ➝ Buy$5.81Low
10/18/2021Morgan StanleyDowngradeOverweight ➝ Equal WeightLow
9/9/2021Credit Suisse GroupUpgradeNeutral ➝ OutperformLow
9/7/2021ScotiabankUpgradeSector Perform ➝ OutperformLow
1/20/2021HSBCDowngradeBuy ➝ HoldHigh
1/12/2021The Goldman Sachs GroupDowngradeBuy ➝ NeutralHigh
12/15/2020Morgan StanleyUpgradeEqual Weight ➝ OverweightMedium
10/7/2020Bradesco CorretoraUpgradeNeutral ➝ OutperformHigh
8/19/2020JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
7/24/2020Itau BBA SecuritiesUpgradeMarket Perform ➝ OutperformHigh
6/22/2020JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralLow
6/8/2020Bank of AmericaDowngradeNeutral ➝ UnderperformLow
4/20/2020The Goldman Sachs GroupReiterated RatingBuyHigh
1/24/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightMedium
1/22/2020ScotiabankDowngradeSector Outperform ➝ Sector PerformLow
12/18/2018ScotiabankUpgradeSector Perform ➝ OutperformLow
12/13/2018The Goldman Sachs GroupInitiated CoverageBuy ➝ BuyLow
9/17/2018HSBCUpgradeHold ➝ BuyHigh
8/16/2018Bank of AmericaReiterated RatingBuyLow
6/5/2018Morgan StanleyUpgradeEqual Weight ➝ OverweightLow
(Data available from 6/2/2018 forward)

News Sentiment Rating

0.39 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/4/2022
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/3/2023
  • 8 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/2/2023
  • 8 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/4/2023
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2023
  • 1 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2023

Current Sentiment

  • 1 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Gerdau logo
Gerdau SA engages in the production and commercialization of steel products. It operates through the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation. The Brazil Operation segment includes rebar, bars, shapes, drawn products, billets, blooms, slabs; wire rod, structural shapes, and iron ore. The North America Operation segment consists of rebar, bars, wire rod, and light and heavy structural shapes. The South Africa Operation segment covers rebar, bars, and drawn products. The Special Steels Operation segment comprises of stainless steel, round, square and flat bars, and wire rod. The company was founded by João Gerdau and Hugo Gerdau on January 16, 1901 and is headquartered in Sao Paulo, Brazil.
Read More

Today's Range

Now: $5.09
Low: $5.01
High: $5.13

50 Day Range

MA: $4.90
Low: $4.67
High: $5.31

52 Week Range

Now: $5.09
Low: $3.75
High: $6.34

Volume

2,354,326 shs

Average Volume

8,479,129 shs

Market Capitalization

$8.94 billion

P/E Ratio

3.74

Dividend Yield

11.98%

Beta

1.63

Frequently Asked Questions

What sell-side analysts currently cover shares of Gerdau?

The following Wall Street research analysts have issued reports on Gerdau in the last year: JPMorgan Chase & Co., and The Goldman Sachs Group, Inc..
View the latest analyst ratings for GGB.

What is the current price target for Gerdau?

1 Wall Street analysts have set twelve-month price targets for Gerdau in the last year. Their average twelve-month price target is $5.71, suggesting a possible upside of 12.3%. JPMorgan Chase & Co. has the highest price target set, predicting GGB will reach $5.71 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $5.71 for Gerdau in the next year.
View the latest price targets for GGB.

What is the current consensus analyst rating for Gerdau?

Gerdau currently has 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in GGB, but not buy more shares or sell existing shares.
View the latest ratings for GGB.

What other companies compete with Gerdau?

Other companies that are similar to Gerdau include Companhia Siderúrgica Nacional, Royal Gold, Eastman Chemical, AngloGold Ashanti and ICL Group. Learn More about companies similar to Gerdau.

How do I contact Gerdau's investor relations team?

Gerdau's physical mailing address is AV DOUTORA RUTH CARDOSO 8 501 8TH FLOOR, SAO PAULO SP D5, 05425. The basic materials company's listed phone number is 551130946300 and its investor relations email address is [email protected]. The official website for Gerdau is www2.gerdau.com. Learn More about contacing Gerdau investor relations.