Should I buy or sell Gerdau stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

3 analysts have issued 12 month price objectives for Gerdau's stock. Their GGB share price targets range from $5.10 to $6.00. On average, they predict the company's share price to reach $5.55 in the next twelve months. This suggests a possible upside of 55.5% 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 26.4% and is now trading at $3.57. View the best growth stocks for 2024 here .

Are investors shorting Gerdau?

Gerdau saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,870,000 shares, a drop of 17.6% from the March 15th total of 2,270,000 shares. Based on an average trading volume of 6,440,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. View Gerdau's Short Interest .

When is Gerdau's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our GGB earnings forecast .

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) posted its quarterly earnings results on Thursday, March, 28th. The basic materials company reported $0.07 EPS for the quarter. The basic materials company had revenue of $2.97 billion for the quarter. Gerdau had a trailing twelve-month return on equity of 15.05% and a net margin of 10.80%.

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

Gerdau declared a quarterly dividend on Thursday, February 22nd. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.0202 per share on Tuesday, March 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, March 4th. Read our dividend analysis for GGB .

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $0.08 per share and currently has a dividend yield of 1.88%. The dividend payout ratio is 9.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 13.56% 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) , Amplify Natural Resources Dividend Income ETF (NDIV) , iShares Latin America 40 ETF (ILF) , Virtus Real Asset Income ETF (VRAI) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW) . Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) .

When did Gerdau's stock split?

Gerdau's stock split on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly created shares will be issued to shareholders after the closing bell on Tuesday, April 30th 2024. An investor that had 100 shares of stock prior to the split would have 120 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 shareholders include Hennion & Walsh Asset Management Inc. (0.03%), Diversified Trust Co (0.00%), Abacus Wealth Partners LLC (0.00%) and Ballentine Partners LLC (0.00%).

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

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$3.57

-0.72 (-16.78%)

(As of 04/18/2024 ET)

Compare

Today's Range: $3.55
▼
$3.64
50-Day Range: $4.13
▼
$4.58
52-Week Range: $3.42
▼
$5.13

Volume: 6.89 million shs
Average Volume: 7.96 million shs
Market Capitalization: $6.27 billion

P/E Ratio: 4.25
Dividend Yield: 2.24%
Price Target: $5.55

Get Gerdau alerts:

Gerdau MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 55.5% Upside
$5.55 Price Target
Short Interest: Healthy
0.16% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.83
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.36%
From $0.56 to $0.59 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.

3.97 out of 5 stars

Basic Materials Sector

36th out of 173 stocks

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

1st out of 6 stocks

3.2

Analyst's Opinion

Consensus Rating
Gerdau has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
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
0.16% 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 0.3, 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 17.62%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Gerdau pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Gerdau does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Gerdau is 9.52%. 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 13.56% 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.

3.2

News and Social Media Coverage

News Sentiment
Gerdau has a news sentiment score of 0.83. 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 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Gerdau this week, compared to 1 article on an average week.
Search Interest
Only 6 people have searched for GGB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
10 people have added Gerdau to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 1.49% of the stock of Gerdau is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Gerdau are expected to grow by 5.36% in the coming year, from $0.56 to $0.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gerdau is 4.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gerdau is 4.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 133.53.
Price to Book Value per Share Ratio
Gerdau has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

April 16, 2024 | americanbankingnews.com

Gerdau (NYSE:GGB) Upgraded to "Overweight" at JPMorgan Chase & Co.

April 15, 2024 | msn.com

Gerdau rises as J.P. Morgan upgrades, cites as new top Latin American steel pick

April 18, 2024 | InvestorPlace (Ad)

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April 14, 2024 | americanbankingnews.com

Gerdau Stock Scheduled to Split on Tuesday, April 30th (NYSE:GGB)

April 7, 2024 | investorplace.com

The 7 Best Penny Stocks to Buy in April 2024

March 28, 2024 | prnewswire.com

GERDAU S.A. - FORM 20-F

March 15, 2024 | finance.yahoo.com

GGB Apr 2024 4.000 call

March 15, 2024 | msn.com

Nippon Steel refused to talk to Cleveland-Cliffs on potential deal - CNBC

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

March 4, 2024 | finance.yahoo.com

Gerdau SA's Dividend Analysis

February 22, 2024 | finance.yahoo.com

Gerdau S.A. (NYSE:GGB) Q4 2023 Earnings Call Transcript

February 21, 2024 | seekingalpha.com

Gerdau S.A. 2023 Q4 - Results - Earnings Call Presentation

February 21, 2024 | de.investing.com

Gerdau ADR: EPS verfehlt Schätzungen - Umsatz schlechter als erwartet

February 19, 2024 | seekingalpha.com

Encore Wire: Good Business, But No Longer A Value Play (Rating Downgrade)

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

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

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

See More Headlines

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Company Calendar

Ex-Dividend for 3/19 Dividend: 3/04/2024
Dividend Payable: 3/19/2024
Last Earnings: 3/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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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: 27,371
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.55
High Stock Price Target: $6.00
Low Stock Price Target: $5.10
Potential Upside/Downside: +55.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.84
Trailing P/E Ratio: 4.25
Forward P/E Ratio: 6.38
P/E Growth: N/A
Net Income: $1.50 billion
Net Margins: 10.80%
Pretax Margin: 13.56%
Return on Equity: 15.05%
Return on Assets: 9.91%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 2.59
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $13.81 billion
Price / Sales: 0.45
Cash Flow: $1.01 per share
Price / Cash Flow: 3.55
Book Value: $5.61 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 1,757,070,000
Free Float: 1,756,716,000
Market Cap: $6.27 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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?: 3 analysts have issued 12 month price objectives for Gerdau's stock. Their GGB share price targets range from $5.10 to $6.00. On average, they predict the company's share price to reach $5.55 in the next twelve months. This suggests a possible upside of 55.5% 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 26.4% and is now trading at $3.57.
View the best growth stocks for 2024 here.
Are investors shorting Gerdau?: Gerdau saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,870,000 shares, a drop of 17.6% from the March 15th total of 2,270,000 shares. Based on an average trading volume of 6,440,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.
View Gerdau's Short Interest.
When is Gerdau's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GGB earnings forecast.
How were Gerdau's earnings last quarter?: Gerdau S.A. (NYSE:GGB) posted its quarterly earnings results on Thursday, March, 28th. The basic materials company reported $0.07 EPS for the quarter. The basic materials company had revenue of $2.97 billion for the quarter. Gerdau had a trailing twelve-month return on equity of 15.05% and a net margin of 10.80%.
How often does Gerdau pay dividends? What is the dividend yield for Gerdau?: Gerdau declared a quarterly dividend on Thursday, February 22nd. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.0202 per share on Tuesday, March 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for GGB.
Is Gerdau a good dividend stock?: Gerdau (NYSE:GGB) pays an annual dividend of $0.08 per share and currently has a dividend yield of 1.88%. The dividend payout ratio is 9.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 13.56% 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), Amplify Natural Resources Dividend Income ETF (NDIV), iShares Latin America 40 ETF (ILF), Virtus Real Asset Income ETF (VRAI) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH).
When did Gerdau's stock split?: Gerdau's stock split on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly created shares will be issued to shareholders after the closing bell on Tuesday, April 30th 2024. An investor that had 100 shares of stock prior to the split would have 120 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 shareholders include Hennion & Walsh Asset Management Inc. (0.03%), Diversified Trust Co (0.00%), Abacus Wealth Partners LLC (0.00%) and Ballentine Partners LLC (0.00%).
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 4/18/2024 by MarketBeat.com Staff

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