Should I buy or sell Gerdau stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GGB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGB, but not buy additional shares or sell existing shares. View GGB analyst ratings or view top-rated stocks .

What is Gerdau's stock price target for 2024?

2 brokers have issued 12 month target prices for Gerdau's stock. Their GGB share price targets range from $5.10 to $5.10. On average, they predict the company's share price to reach $5.10 in the next year. This suggests a possible upside of 20.6% from the stock's current price. View analysts price targets for GGB or view top-rated stocks among Wall Street analysts .

How have GGB shares performed in 2024?

Gerdau's stock was trading at $4.85 at the start of the year. Since then, GGB shares have decreased by 12.8% and is now trading at $4.23. View the best growth stocks for 2024 here .

Are investors shorting Gerdau?

Gerdau saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,940,000 shares, a decline of 38.8% from the December 31st total of 12,970,000 shares. Based on an average daily volume of 5,650,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the company's stock are sold short. View Gerdau's Short Interest .

When is Gerdau's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our GGB earnings forecast .

How can I listen to Gerdau's earnings call?

Gerdau will be holding an earnings conference call on Wednesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) issued its quarterly earnings results on Sunday, October, 3rd. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by $0.30. Gerdau had a net margin of 11.27% and a trailing twelve-month return on equity of 16.81%.

How often does Gerdau pay dividends? What is the dividend yield for Gerdau?

Gerdau announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.0962 per share on Wednesday, December 20th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date is Monday, November 20th. This is an increase from the stock's previous quarterly dividend of $0.09. Read our dividend analysis for GGB .

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $0.31 per share and currently has a dividend yield of 7.23%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 62.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GGB .

What ETFs hold Gerdau's stock?

ETFs with the largest weight of Gerdau (NYSE:GGB) stock in their portfolio include VanEck Steel ETF (SLX) , iShares Latin America 40 ETF (ILF) , Virtus Real Asset Income ETF (VRAI) , Invesco Zacks Multi-Asset Income ETF (CVY) , Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) . Avantis Emerging Markets Value ETF (AVES) .

When did Gerdau's stock split?

Shares of Gerdau split on the morning of Wednesday, March 22nd 2023. The 21-20 split was announced on Wednesday, March 22nd 2023. The newly created shares were distributed to shareholders after the closing bell on Wednesday, March 22nd 2023. An investor that had 100 shares of stock prior to the split would have 105 shares after the split.

What is André Bier Gerdau Johannpeter's approval rating as Gerdau's CEO?

96 employees have rated Gerdau Chief Executive Officer André Bier Gerdau Johannpeter on Glassdoor.com . André Bier Gerdau Johannpeter has an approval rating of 53% among the company's employees. This puts André Bier Gerdau Johannpeter in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Gerdau own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gerdau investors own include Bank of America (BAC) , Intelsat (I) , Companhia Siderúrgica Nacional (SID) , Mallinckrodt (MNK) , Fossil Group (FOSL) , Ciena (CIEN) , Vale (VALE) , AMC Entertainment (AMC) , Associated British Foods (ABF) and Chaarat Gold (CGH) .

Who are Gerdau's major shareholders?

Gerdau's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (0.77%), Moneda S.A. Administradora General de Fondos (0.25%), New York State Common Retirement Fund (0.18%), Russell Investments Group Ltd. (0.12%), Mackenzie Financial Corp (0.11%) and Van ECK Associates Corp (0.07%).

How do I buy shares of Gerdau?

Shares of GGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:GGB

Gerdau (GGB) Stock Price, News & Analysis

$4.23

-0.03 (-0.70%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $4.21
▼
$4.28
50-Day Range: $4.19
▼
$4.92
52-Week Range: $4.15
▼
$6.16

Volume: 3.99 million shs
Average Volume: 5.45 million shs
Market Capitalization: $7.43 billion

P/E Ratio: 4.36
Dividend Yield: 7.33%
Price Target: $5.10

Get Gerdau alerts:

Gerdau MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 20.6% Upside
$5.10 Price Target
Short Interest: Healthy
0.69% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.30
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -43.18%
From $0.88 to $0.50 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.41 out of 5 stars

Basic Materials Sector

85th out of 173 stocks

Steel Works, Blast Furnaces, & Rolling & Finishing Mills Industry

3rd out of 6 stocks

2.0

Analyst's Opinion

Consensus Rating
Gerdau has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.10, Gerdau has a forecasted upside of 20.6% from its current price of $4.23.
Amount of Analyst Coverage
Gerdau has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.69% of the float of Gerdau has been sold short.
Short Interest Ratio / Days to Cover
Gerdau has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Gerdau has recently decreased by 38.78%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Gerdau is a leading dividend payer. It pays a dividend yield of 7.23%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Gerdau does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Gerdau is 31.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Gerdau will have a dividend payout ratio of 62.00% next year. This indicates that Gerdau will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GGB.

4.1

News and Social Media Coverage

News Sentiment
Gerdau has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Gerdau this week, compared to 1 article on an average week.
Search Interest
6 people have searched for GGB on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
6 people have added Gerdau to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gerdau insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.02% of the stock of Gerdau is held by insiders.
Percentage Held by Institutions
Only 2.64% of the stock of Gerdau is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Gerdau are expected to decrease by -43.18% in the coming year, from $0.88 to $0.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gerdau is 4.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gerdau is 4.36, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 81.75.
Price to Book Value per Share Ratio
Gerdau has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Gerdau Stock (NYSE:GGB)

Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. The company 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. It also offers flat products, such as hot-rolled steel coils and heavy plates; and resells flat steel products. In addition, the company operates three mines that produce iron ore located in the Brazilian state of Minas Gerais. It sells its products through independent distributors, direct sales from the mills, and its retail network. The company was founded in 1901 and is based in São Paulo, Brazil.

GGB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GGB Stock News Headlines

February 10, 2024 | seekingalpha.com

Gerdau: Infrastructure Spending Could Fuel Growth In Face Of Cheap Chinese Steel

January 31, 2024 | finance.yahoo.com

UPDATE 1-Brazil's mining industry exports grew by 9.5% in 2023 -Ibram

February 12, 2024 | Stansberry Research (Ad)

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America's financial elite are engineering a sudden and surprising shift to the US money system. It's backed by the Treasury and Federal Reserve... and could trigger some very strange changes at your bank...

January 31, 2024 | seekingalpha.com

Gerdau S.A.: Assessing If Storm Clouds Are Beginning To Form (Technical Analysis)

January 17, 2024 | money.usnews.com

Gerdau S.A. - ADR

November 27, 2023 | finance.yahoo.com

Do Options Traders Know Something About Gerdau (GGB) Stock We Don't?

November 21, 2023 | msn.com

NG, GGB and SID are among materials movers

November 20, 2023 | markets.businessinsider.com

B of A Securities Downgrades Gerdau: Here's What You Need To Know

February 12, 2024 | Behind the Markets (Ad)

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November 16, 2023 | seekingalpha.com

Gerdau: Q3 Earnings, Limited Short-Term Catalysts, Raises Concerns

November 8, 2023 | finance.yahoo.com

Gerdau S.A. (NYSE:GGB) Q3 2023 Earnings Call Transcript

November 8, 2023 | seekingalpha.com

Gerdau S.A. (GGB) Q3 2023 Earnings Call Transcript

November 7, 2023 | morningstar.com

Gerdau SA ADR GGB

November 7, 2023 | finanznachrichten.de

Gerdau S.A.: 3Q23 Highlights - Consolidated Information

November 7, 2023 | msn.com

Gerdau Adjusted Net Income of R$1.59B, revenue of R$17.06B

November 7, 2023 | msn.com

Gerdau reports Q3 results

November 7, 2023 | de.investing.com

Gerdau ADR: EPS verfehlt Schätzungen um 0,01 $ - Umsatz schlechter als erwartet

October 24, 2023 | finance.yahoo.com

GERDAU MET ON N1 (GOAU3F.SA)

September 19, 2023 | seekingalpha.com

Gerdau: Valuation Matters In The Downturn

August 21, 2023 | msn.com

Gerdau: Asymmetric Bet On U.S. Infrastructure Renewal And Brazil Prosperity

August 15, 2023 | seekingalpha.com

Gerdau: Still Performing, But I'm Still Careful And May Rotate Here

August 14, 2023 | finance.yahoo.com

Holley and Corteva have been highlighted as Zacks Bull and Bear of the Day

August 10, 2023 | seekingalpha.com

Gerdau S.A. 2023 Q2 - Results - Earnings Call Presentation

August 10, 2023 | seekingalpha.com

Gerdau S.A. (GGB) Q2 2023 Earnings Call Transcript

August 9, 2023 | sfgate.com

Gerdau: Q2 Earnings Snapshot

August 8, 2023 | de.investing.com

Gerdau ADR: EPS übertrifft Schätzungen um 0,94$ - Umsatz besser als erwartet

July 25, 2023 | seekingalpha.com

GGB Gerdau S.A.

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Company Calendar

Last Earnings: 10/03/2021
Ex-Dividend for 12/20 Dividend: 11/20/2023
Dividend Payable: 12/20/2023
Today: 2/11/2024
Next Earnings (Confirmed): 2/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry: N/A
Current Symbol: NYSE:GGB
CUSIP: N/A
CIK: 1073404
Web: www2.gerdau.com
Phone: 551130946300
Fax: 55-51-3323-2222
Employees: 28,197
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.10
High Stock Price Target: $5.10
Low Stock Price Target: $5.10
Potential Upside/Downside: +20.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.97
Trailing P/E Ratio: 4.36
Forward P/E Ratio: 4.81
P/E Growth: N/A
Net Income: $2.21 billion
Net Margins: 11.27%
Pretax Margin: 14.47%
Return on Equity: 16.81%
Return on Assets: 10.94%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 2.93
Quick Ratio: 1.43

Sales & Book Value

Annual Sales: $15.96 billion
Price / Sales: 0.47
Cash Flow: $1.60 per share
Price / Cash Flow: 2.65
Book Value: $5.10 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 1,757,070,000
Free Float: 1,756,716,000
Market Cap: $7.43 billion
Optionable: Optionable
Beta: 1.73

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Key Executives

Mr. Gustavo Werneck Da Cunha (Age 51)
Member of Board Of Executive Officers CEO & Director
Mr. Claudio Gerdau Johannpeter (Age 61)
Vice Chairman of the Board
Mr. Marcos Eduardo Faraco Wahrhaftig (Age 52)
Executive VP of Strategy & Member of Board of Executive Officers
Mr. Rafael Dorneles Japur (Age 42)
Member of Board of Executive Officers, Executive VP, CFO & Investor Relations Officer
Mr. Fabio Eduardo de Pieri Spina (Age 52)
Legal Director, General Counsel & Corporate Affairs Offi. and Member of Board of Executive Officers
Mr. Mauro De Paula (Age 62)
Member of Board of Executive Officers & Commercial Executive Officer
Mr. Cesar Obino Da Rosa Peres (Age 62)
Member of Board of Executive Officers & Commercial Officer of Gerdau Steel Brasil
Mr. Rubens Fernandes Pereira (Age 52)
Member of Board of Executive Officers and VP of operations in Brazil, Argentina & Uruguay
Mr. Wendel Gomes Da Silva (Age 50)
Member of Board of Executive Officers and Director of Mining & Raw Materials
Aldo Tapia Castillo
Member of Board of Executive Officers

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GGB Stock Analysis - Frequently Asked Questions

Should I buy or sell Gerdau stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GGB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGB, but not buy additional shares or sell existing shares.
View GGB analyst ratings or view top-rated stocks.
What is Gerdau's stock price target for 2024?: 2 brokers have issued 12 month target prices for Gerdau's stock. Their GGB share price targets range from $5.10 to $5.10. On average, they predict the company's share price to reach $5.10 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
View analysts price targets for GGB or view top-rated stocks among Wall Street analysts.
How have GGB shares performed in 2024?: Gerdau's stock was trading at $4.85 at the start of the year. Since then, GGB shares have decreased by 12.8% and is now trading at $4.23.
View the best growth stocks for 2024 here.
Are investors shorting Gerdau?: Gerdau saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,940,000 shares, a decline of 38.8% from the December 31st total of 12,970,000 shares. Based on an average daily volume of 5,650,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the company's stock are sold short.
View Gerdau's Short Interest.
When is Gerdau's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our GGB earnings forecast.
How can I listen to Gerdau's earnings call?: Gerdau will be holding an earnings conference call on Wednesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Gerdau's earnings last quarter?: Gerdau S.A. (NYSE:GGB) issued its quarterly earnings results on Sunday, October, 3rd. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by $0.30. Gerdau had a net margin of 11.27% and a trailing twelve-month return on equity of 16.81%.
How often does Gerdau pay dividends? What is the dividend yield for Gerdau?: Gerdau announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.0962 per share on Wednesday, December 20th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date is Monday, November 20th. This is an increase from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for GGB.

Is Gerdau a good dividend stock?: Gerdau (NYSE:GGB) pays an annual dividend of $0.31 per share and currently has a dividend yield of 7.23%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 62.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGB.
What ETFs hold Gerdau's stock?: ETFs with the largest weight of Gerdau (NYSE:GGB) stock in their portfolio include VanEck Steel ETF (SLX), iShares Latin America 40 ETF (ILF), Virtus Real Asset Income ETF (VRAI), Invesco Zacks Multi-Asset Income ETF (CVY), Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH).Avantis Emerging Markets Value ETF (AVES).
When did Gerdau's stock split?: Shares of Gerdau split on the morning of Wednesday, March 22nd 2023. The 21-20 split was announced on Wednesday, March 22nd 2023. The newly created shares were distributed to shareholders after the closing bell on Wednesday, March 22nd 2023. An investor that had 100 shares of stock prior to the split would have 105 shares after the split.
What is André Bier Gerdau Johannpeter's approval rating as Gerdau's CEO?: 96 employees have rated Gerdau Chief Executive Officer André Bier Gerdau Johannpeter on Glassdoor.com. André Bier Gerdau Johannpeter has an approval rating of 53% among the company's employees. This puts André Bier Gerdau Johannpeter in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Gerdau own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Gerdau investors own include Bank of America (BAC), Intelsat (I), Companhia Siderúrgica Nacional (SID), Mallinckrodt (MNK), Fossil Group (FOSL), Ciena (CIEN), Vale (VALE), AMC Entertainment (AMC), Associated British Foods (ABF) and Chaarat Gold (CGH).
Who are Gerdau's major shareholders?: Gerdau's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (0.77%), Moneda S.A. Administradora General de Fondos (0.25%), New York State Common Retirement Fund (0.18%), Russell Investments Group Ltd. (0.12%), Mackenzie Financial Corp (0.11%) and Van ECK Associates Corp (0.07%).
How do I buy shares of Gerdau?: Shares of GGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GGB) was last updated on 2/12/2024 by MarketBeat.com Staff

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