GGB Stock Recent News

Here is how Gerdau (GGB) and PPG Industries (PPG) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Gerdau (GGB) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Gerdau (GGB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

"Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." — YCharts Value Screener. 67 June value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 54 met the dogcatcher-ideal of dividends from $1K invested exceeding single-share stock prices. Representing eight of eleven Morningstar Sectors, all 54 ideal value picks pay regular dividends. Broker-target top-ten net gains ranged 34.55%-81.13%, topped by SBSW and PDM, as of 6/8/23.

Gerdau has robust fundamentals, excellent geographical diversification and trades at a forward price-to-earnings of roughly 5 times. The last earnings results showed a retraction in the company's top line due to the slowdown of the American market even though the steel market remains at stable levels.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Gerdau (GGB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GGB broke out above the 50-day moving average, suggesting a short-term bullish trend.

From a technical perspective, Gerdau (GGB) is looking like an interesting pick, as it just reached a key level of support. GGB recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

While it's difficult to consider bidding up enterprises in the equities sector during this troubled period, long-term stocks to buy may eventually yield significant rewards for patient investors. True, the banking sector implosions don't do much for confidence.