This is what analysts have to say about Gerdau S.A. (NYSE:GGB) after last week.

May 20, 2018 - By Richard Conner

Gerdau S.A. (NYSE:GGB) Logo

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

Among 2 analysts covering Gerdau SA (NYSE:GGB), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gerdau SA had 2 analyst reports since November 27, 2017 according to SRatingsIntel. The company was upgraded on Monday, November 27 by Bank of America. The stock of Gerdau S.A. (NYSE:GGB) has “Buy” rating given on Friday, February 2 by Credit Suisse. Below is a list of Gerdau S.A. (NYSE:GGB) latest ratings and price target changes.

02/02/2018 Broker: Credit Suisse Rating: Buy Upgrade
27/11/2017 Broker: Bank of America Rating: Buy New Target: $4.25 Upgrade

The stock decreased 2.29% or $0.11 during the last trading session, reaching $4.7. About 5.15M shares traded. Gerdau S.A. (NYSE:GGB) has risen 28.74% since May 20, 2017 and is uptrending. It has outperformed by 17.19% the S&P500.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $7.90 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.

Another recent and important Gerdau S.A. (NYSE:GGB) news was published by Seekingalpha.com which published an article titled: “Expectations Seem To Have Caught Up To Gerdau” on May 15, 2018.

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