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:
- Steel Stocks To Gain From Kobe Steel Data Fabrication Issue (investing.com)
- To Measure the collective investor psyche on Gerdau SA (GGB) – Wall Street Morning (wallstreetmorning.com)
- Gerdau SA (GGB) has a value of $3.58 per share While US Bancorp (USB) is stand at $54.13 – Stocks Gallery (stocksgallery.com)
- GERDAU : S.A. ANNOUNCES ISSUE OF 4.875% BONDS DUE 2027 (4-traders.com)
- Use of charts to make investment decisions about Gerdau SA (GGB) – Wall Street Morning (wallstreetmorning.com)
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.
TRADEMARK VIOLATION WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Gerdau (GGB) Share Price” was reported by BBNS and is owned by of BBNS. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-gerdau-ggb-share-price/1697662.html.
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.
Receive News & Ratings for Gerdau S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gerdau S.A. and related companies with our FREE daily email newsletter.