Alert: Negative Fundamental Signals (12/28/23)-Gerdau SA (NYSE: GGB)


Gerdau SA (NYSE: GGB) has recently experienced extremely important negative changes in fundamentals: 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 an important Value Builder.

Gerdau has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gerdau has a very high Appreciation Score of 89 but a neutral Power Rating of 49, leading to the Positive Value Trend Rating.

Recent Price Action

Gerdau SA (NYSE: GGB) stock rose modestly by 0.4% on 12/28/23. The stock closed at $4.90. However, trading volume in this advance was below average at 71% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.

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