Somewhat Positive Press Coverage Somewhat Unlikely to Affect Gerdau (GGB) Share Price

News articles about Gerdau (NYSE:GGB) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gerdau earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.4411833439921 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Gerdau from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Gerdau from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Santander upgraded shares of Gerdau from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Sandler O’Neill upgraded shares of Gerdau from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Credit Suisse Group lowered shares of Gerdau from an “outperform” rating to a “neutral” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Gerdau currently has an average rating of “Hold” and an average price target of $4.25.

Shares of Gerdau (GGB) opened at 3.57 on Tuesday. The company’s market cap is $6.10 billion. The firm has a 50-day moving average of $3.65 and a 200-day moving average of $3.28. Gerdau has a 12-month low of $2.60 and a 12-month high of $4.39.

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Gerdau Company Profile

Gerdau SA (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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