Recent extremely meaningful negative changes in fundamentals have impacted Gerdau SA (NYSE: GGB): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GGB is expected to continue to be a Value Builder.
Gerdau has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Gerdau has a very high Appreciation Score of 90 but a neutral Power Rating of 44, leading to the Positive Value Trend Rating.
Recent Price Action
On 1/12/24, Gerdau SA (NYSE: GGB) stock rose modestly by 0.9%, closing at $4.41. However, this advance was accompanied by unusually low trading volume at 66% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.6% during the last week.
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