Media stories about Gerdau (NYSE:GGB) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gerdau earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.7010795398303 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Gerdau SA (GGB) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Stock in the Trader’s Radar— Gerdau SA (GGB) (stockmarketstop.com)
- Trader’s Round Up: Groupon, Inc. (NASDAQ:GRPN), Gerdau SA (NYSE:GGB), NetApp, Inc. (NASDAQ:NTAP) (stocksnewspoint.com)
- Global Deformed Steel Rebar Market 2018 – Gerdau SA, Posco SS-Vina, Tata Steel, Essar Steel (heavyjoystick.com)
- Notable Runners- Gerdau SA (NYSE:GGB), Diamondback Energy, Inc. (NASDAQ:FANG), Laredo Petroleum, Inc … (journalfinance.net)
Separately, Morgan Stanley upgraded Gerdau from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Gerdau has an average rating of “Buy” and a consensus target price of $4.50.
Shares of Gerdau stock opened at $3.88 on Thursday. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 14.84 and a beta of 2.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 2.39. Gerdau has a 52 week low of $2.64 and a 52 week high of $5.32.
The firm also recently disclosed a special dividend, which was paid on Friday, June 8th. Shareholders of record on Thursday, May 24th were given a $0.0225 dividend. This represents a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 23rd. This is an increase from Gerdau’s previous special dividend of $0.02.
Gerdau SA provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles, which are used primarily in the construction and manufacturing industries; and drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps, as well as mines and produces iron ore.
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