The mean price target for the shares of Gerdau SA (ADR) (NYSE:GGB)is at $5.78 while the highest price target suggested by the analysts is $7.17 and low price target is $4.55. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 11.68B by 1 analysts. The means estimate of sales for the year ending Dec 16 is 46.34B by 4 analysts.
In its latest quarter ended on 31 Mar 2016 , Gerdau SA (ADR) (NYSE:GGB)reported earnings of $0.01. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -66.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Gerdau SA (ADR) (NYSE:GGB) traded down -6.77% during trading on Friday, hitting $1.89 . The stock had a trading volume of 5.0 M shares. The firm has a 50 day moving average of $1.86 and a 200-day moving average of $1.45. The stock has a market cap of $3.02B. On Jun 12, 2015 the shares registered one year high at $2.78 and the one year low was seen on Jan 21, 2016.
Gerdau S.A. produces and commercializes steel products worldwide. The company operates through Brazil Business Operation, North America Business Operation, South America Business Operation, and Special Steel Business Operation segments. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as iron ore. It also produces special steel products used in automotive components, machinery, road and agricultural parts, mining equipment, tools, rail components, and maritime mooring. In addition, it provides flat products, such as hot- and cold-rolled steel coils, heavy plates, and structural profiles. The company 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 Porto Alegre, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.
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