Date | Price Target | Rating | Analyst |
---|---|---|---|
5/24/2024 | $4.50 → $5.00 | Neutral → Buy | BofA Securities |
4/15/2024 | Neutral → Overweight | JP Morgan | |
11/20/2023 | Buy → Neutral | BofA Securities | |
2/9/2023 | $7.00 → $6.00 | Overweight → Neutral | JP Morgan |
11/12/2021 | $6.10 | Neutral → Buy | Citigroup |
9/9/2021 | Neutral → Outperform | Credit Suisse |
BofA Securities upgraded Gerdau S.A. from Neutral to Buy and set a new price target of $5.00 from $4.50 previously
JP Morgan upgraded Gerdau S.A. from Neutral to Overweight
BofA Securities downgraded Gerdau S.A. from Buy to Neutral
SÃO PAULO, July 31, 2024 /PRNewswire/ -- 2Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.6 billion in the second quarter, down 6.7% compared to 1Q24. Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million was allocated to Maintenance and R$ 716 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24 results. The Company approved a new share buyback program of up to 69.8 million of shares from Gerdau S.A., with a maximum duration of 12 months. Additional Information Gerdau S.A. informs tha
SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.8 billion in the first quarter, up 38.0% over 4Q23. Adjusted Net Income of R$ 1.2 billion in 1Q24, 70.1% higher than 4Q23. Dividend distribution in the amount of R$ 0.28 per share, equivalent to R$ 589 million, to be paid based on 1Q24 results. On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type. Gerdau has the best reputation among industry players in Brazil, according to the 10th edition of the Merco Ranking, maintaining its position as the only steel producer in the overall ranking and
SÃO PAULO, March 1, 2023 /PRNewswire/ -- 4Q22 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reaches R$ 21.5 billion throughout 2022, with an adjusted EBITDA margin of 26.1%. Adjusted EBITDA from the North America Business Operation reaches R$10.6 billion in 2022, with an adjusted EBITDA margin of 32.0%, both historical annual records. Amount of dividends allocated in 2022 by Gerdau S.A. was R$ 6.1 billion (R$ 3.63 per share), a historic record for a year. The Company obtained the certification of its second operation as a B Company. Siderperu, the company's steel production operation in Peru, joins Gerdau Summit, which become the first two steel
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
B of A Securities analyst Caio Ribeiro upgrades Gerdau (NYSE:GGB) from Neutral to Buy and raises the price target from $4.5 to $5.
SÃO PAULO, July 31, 2024 /PRNewswire/ -- 2Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.6 billion in the second quarter, down 6.7% compared to 1Q24. Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million was allocated to Maintenance and R$ 716 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24 results. The Company approved a new share buyback program of up to 69.8 million of shares from Gerdau S.A., with a maximum duration of 12 months. Additional Information Gerdau S.A. informs tha
SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.8 billion in the first quarter, up 38.0% over 4Q23. Adjusted Net Income of R$ 1.2 billion in 1Q24, 70.1% higher than 4Q23. Dividend distribution in the amount of R$ 0.28 per share, equivalent to R$ 589 million, to be paid based on 1Q24 results. On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type. Gerdau has the best reputation among industry players in Brazil, according to the 10th edition of the Merco Ranking, maintaining its position as the only steel producer in the overall ranking and
SÃO PAULO, March 28, 2024 /PRNewswire/ -- GERDAU S.A. hereby announces that the Form 20-F related to the fiscal year ended December 31, 2023 was filed with the U.S. Securities and Exchange Commission (SEC) at http://sec.gov and with the Securities and Exchange Commission of Brazil (CVM) at http://cvm.gov.br and it is also available at the Company's Investor Relations website at https://ri.gerdau.com/en/. Shareholders may request a free copy of the Form 20-F from the IR team by sending an email to [email protected]. View original content:https://www.prnewswire.com/news-releases/gerdau-sa--form-20-f-302103171.html SOURCE GERDAU S.A.