• Consensus Rating: Moderate Buy
  • Consensus Price Target: $5.00
  • Forecasted Upside: 59.49%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$3.14
▼ -0.06 (-1.88%)

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

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Analyst Price Target for GGB

Analyst Price Target is $5.00
▲ +59.49% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Gerdau in the last 3 months. The average price target is $5.00, with a high forecast of $5.00 and a low forecast of $5.00. The average price target represents a 59.49% upside from the last price of $3.14.

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

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Current Consensus is Moderate Buy

The current consensus among 3 polled investment analysts is to moderate buy stock in Gerdau. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/22/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/22/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/20/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/18/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/17/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/16/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/15/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/14/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/24/2024Bank of AmericaUpgradeNeutral ➝ Buy$4.50 ➝ $5.00Low
4/15/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$4.17 ➝ $5.00Low
11/20/2023Bank of AmericaDowngradeBuy ➝ Neutral$4.67 ➝ $4.25Low
7/21/2023ScotiabankDowngradeOutperform ➝ Sector PerformLow
2/9/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$5.56 ➝ $4.76Low
2/8/2023The Goldman Sachs GroupDowngradeBuy ➝ NeutralLow
12/10/2021The Goldman Sachs GroupInitiated CoverageBuyLow
11/12/2021CitigroupUpgradeNeutral ➝ Buy$4.84Low
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
(Data available from 6/14/2019 forward)

News Sentiment Rating

0.56 (Buy)

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
  • 1 negative mentions
  • 0 very negative mentions
11/17/2023
  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
12/17/2023
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/16/2024
  • 4 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/15/2024
  • 7 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
3/16/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/15/2024
  • 5 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
5/15/2024
  • 6 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
6/14/2024

Current Sentiment

  • 6 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.
Gerdau logo
Gerdau S.A., together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. In addition, the company offers flat products, such as hot-rolled steel coils and heavy plates; and resells flat steel products. Further, it operates mines that produce iron ore located in the Brazilian state of Minas Gerais. The company sells its products through independent distributors, direct sales from the mills, and its retail network. Gerdau S.A. was founded in 1901 and is based in São Paulo, Brazil.
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Today's Range

Now: $3.14
Low: $3.12
High: $3.16

50 Day Range

MA: $3.48
Low: $2.91
High: $3.97

52 Week Range

Now: $3.14
Low: $3.10
High: $5.13

Volume

6,604,887 shs

Average Volume

8,570,932 shs

Market Capitalization

$6.61 billion

P/E Ratio

5.15

Dividend Yield

6.80%

Beta

1.77

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: Bank of America Co., JPMorgan Chase & Co., and Scotiabank.
View the latest analyst ratings for GGB.

What is the current price target for Gerdau?

2 Wall Street analysts have set twelve-month price targets for Gerdau in the last year. Their average twelve-month price target is $5.00, suggesting a possible upside of 59.5%. JPMorgan Chase & Co. has the highest price target set, predicting GGB will reach $5.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $5.00 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 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for GGB.

What other companies compete with 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.