On 11/6/24, Gerdau SA (NYSE: GGB) stock enjoyed a major increase of 12.6%, closing at $3.49. Moreover, exceptionally high trading volume at 358% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 9.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GGB is expected to continue to be a modest Value Builder.
Gerdau has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Gerdau has a very high Appreciation Score of 96 but a poor Power Rating of 19, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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