Gerdau S.A. (NYSE:GGB) jumped 1.17 percent and ended the day at $4.33. The Average Volume of the company is 9.62 Million and P/E (price to earnings) ratio is 0, while Forward P/E ratio is 26.24.
JP Morgan Downgrade its coverage for Gerdau S.A. (NYSE:GGB) in a note sent to investors on 10-Oct-16. The research firm Downgrade the stock to Neutral. Moreover, Morgan Stanley issued Upgrade rating for the stock on 18-Aug-16. Credit Suisse also Upgrade the company to Outperform on 4-Aug-16, 2016. Additionally, BofA/Merrill Downgrade its ratings on the stock to Underperform.
The highest price GGB stock touched in the last 12 month was $4.39 and the lowest price it hit in the same period was $0.87. The stock has a Return on Assets of -4.7 percent, Return on Investment of -2.9 percent and a Return on Equity of -10.2 percent. The company’s market cap is $7.49 Billion.
Price Target is an important factor while doing analysis of a stock. According to 5 analysts, Price Target for Gerdau S.A. (NYSE:GGB) may hit a high of $4.97. The average and low price target for the stock are $3.61 and $1.39, respectively.
Now we look at the Moving Averages, the 200-day is 51.56, the 50-day is 16.16 and the 20-day is 8.66. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.
Looking forward, the company is expected to report earnings of $0.08 per share for the current quarter. Revenue is expected in between 2.78 Billion and 2.78 Billion with an average of 2.78 Billion.
When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 1. Out of 5 brokerage recommendations, 0 gave a Strong Buy, 3 issued a Buy, 2 issued Hold, 0 rated Under-perform and 0 issued a Sell.
Gerdau S.A. (NYSE:GGB) performance during the last one year Improved 322.45 percent, while its year to date (YTD) performance showed a Positive trend of 37.9 percent. The stock Jumped 43.13 percent over the past six months. The stock’s quarterly performance indicates a Positive momentum of 14.72 percent, whereas its last one month trend is Optimistic with 12.18 percent. Its weekly performance showed upward trend of 8.79 percent.
Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at -7.6 percent, operating profit margin was -4.5 percent, whereas gross profit margin stands at 9.4 percent. Beta factor was calculated at 2.28.
Gerdau S.A. (NYSE:GGB) has 1.51 Billion shares outstanding and 867.04 Million shares were floated in market. The short ratio in the company’s stock is documented at 1.91 and the short float is around of 2.12%. The stock’s average true range of stands at 0.16, while the relative strength index is 71.07.
Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 1.8, current ratio was 2.9, LT Debt/Equity ratio was 0.72 and Total Debt/Equity ratio was 0.8.