Is there a Bearish outlook for Gerdau S.A. (NYSE:GGB) this week?

July 14, 2018 - By Mary Gaskins

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 February 2, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, June 5 by Morgan Stanley. Credit Suisse upgraded the stock to “Buy” rating in Friday, February 2 report. Below is a list of Gerdau S.A. (NYSE:GGB) latest ratings and price target changes.

05/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Upgrade
02/02/2018 Broker: Credit Suisse Rating: Buy Upgrade

It closed at $4 lastly. It is down 51.08% since July 14, 2017 and is uptrending. It has outperformed by 38.51% the S&P500.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $6.42 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.

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