Worldwide

Gerdau SA (GGB) Receives $4.00 Average PT from Analysts

Gerdau S.A. (NYSE:GGB) shares traded -3.47% down during most recent session to reach at the closing price of $3.9. Nwam LLC now owns 126,446 shares with a value of $386,000.

Hedge funds have recently bought and sold shares of the stock. Profund Advisors LLC boosted its position in Gerdau by 102.0% during the first quarter. Advisors Asset Management Inc. now owns 64,063 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 13,600 shares during the last quarter. Deere & Co. now owns 808,236 shares of the company's stock worth $1,471,000 after buying an additional 737,292 shares during the period. Van ECK Associates Corp raised its stake in shares of Gerdau by 65.6% in the second quarter. LLC boosted its position in Gerdau by 6.2% in the 2nd quarter. Aperio Group LLC now owns 116,078 shares of the basic materials company's stock worth $354,000 after acquiring an additional 32,213 shares during the period.

Shares of the company are trading at $3.90 which is slightly above $3.57, the stock's 50 day moving average and significantly above the 200 day moving average of $3.35.

Investors of this company earned a return of -48.10% on the assets it owns in past twelve month. "Sells 31,200 Shares of Gerdau S.A. (GGB)" was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright law. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/09/09/gerdau-s-a-ggb-upgraded-to-overweight-at-j-p-morgan-chase-co.html.

Shares of Gerdau S.A. (NYSE GGB) opened at 3.90 on Friday. Gerdau has $9 highest and $2.30 lowest target. For the current year the company's revenue estimates are $11.87 Billion compared to low analyst estimates of $11.86 Billion and high estimates of $11.87 Billion according to 2 number of analysts. A frequently used tool among technical stock analysts is the moving average.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 24th will be given a dividend of $0.005 per share.

As of the last earnings report the EPS was $-0.38 and is expected to be $0.23 for the current year with 1,709,153,000 shares presently outstanding. The ex-dividend date was Tuesday, August 22nd. The stock now has Monthly Volatility of 3.29% and Weekly Volatility of 4.56%.

Company shares last traded at $3.90 which is just over $3.57, the stock's 50 day moving average and a great deal higher than the 200 day moving average of $3.35.

At the end of 06/30/2017 reporting period, 79 institutional holders increased their position in Gerdau S.A. (NYSE:GGB) by some 46,344,212 shares, 51 decreased positions by 38,441,546 and 28 held positions by 125,883,149. BidaskClub raised shares of Gerdau from a "hold" rating to a "buy" rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group cut shares of Gerdau from an "outperform" rating to a "neutral" rating in a report on Thursday. Finally, Scotiabank upgraded Gerdau from an "underperform" rating to a "sector perform" rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock.

On the other hand the company has Relative Strength Index (RSI 14) of 61.62 along with Average True Range (ATR 14) of 0.14, Consequently Gerdau S.A. (NYSE:GGB)'s weekly and monthly volatility is 4.56%, 3.29% respectively.



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