Gerdau S.A. (GGB)
NYSE: GGB · IEX Real-Time Price · USD
3.360
+0.020 (0.60%)
At close: Jul 19, 2024, 4:00 PM
3.370
+0.010 (0.30%)
After-hours: Jul 20, 2024, 12:56 PM EDT
Gerdau Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Gerdau stock have an average target of 5.00, which predicts an increase of 48.81% from the current stock price of 3.36.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 24, 2024.
Analyst Ratings
The average analyst rating for Gerdau stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $4.5 → $5 | Hold → Strong Buy | Upgrades | $4.5 → $5 | +48.81% | May 24, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $4.17 → $5 | Hold → Buy | Upgrades | $4.17 → $5 | +48.81% | Apr 15, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $4.67 → $4.25 | Strong Buy → Hold | Downgrades | $4.67 → $4.25 | +26.49% | Nov 20, 2023 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $5.56 → $4.76 | Buy → Hold | Downgrades | $5.56 → $4.76 | +41.67% | Feb 9, 2023 |
| Credit Suisse | Credit Suisse | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Sep 9, 2021 |
Financial Forecast
Revenue This Year
68.00B
from 68.92B
Decreased by -1.33%
Revenue Next Year
68.85B
from 68.00B
Increased by 1.26%
EPS This Year
2.89
from 3.55
Decreased by -18.49%
EPS Next Year
2.75
from 2.89
Decreased by -4.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 70.6B | 75.2B | 81.5B | 88.3B |
| Avg | 68.0B | 68.9B | 72.6B | 79.6B |
| Low | 63.3B | 61.7B | 63.9B | 69.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.5% | 10.5% | 18.4% | 21.5% |
| Avg | -1.3% | 1.3% | 5.5% | 9.6% |
| Low | -8.2% | -9.3% | -7.2% | -4.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.76 | 3.58 | 3.60 |
| Avg | 2.89 | 2.75 | 2.70 |
| Low | 2.05 | 1.95 | 2.08 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.0% | 23.7% | 30.7% |
| Avg | -18.5% | -4.8% | -1.9% |
| Low | -42.3% | -32.5% | -24.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.