Gerdau (GGB) Receiving Somewhat Positive News Coverage, Study Finds

Media stories about Gerdau (NYSE:GGB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gerdau earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.599775395985 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

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Gerdau stock traded down $0.10 during mid-day trading on Friday, reaching $4.48. The company’s stock had a trading volume of 11,901,529 shares, compared to its average volume of 12,340,642. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.61. The company has a market cap of $7,704.07, a PE ratio of -14.93 and a beta of 2.23. Gerdau has a 1 year low of $2.60 and a 1 year high of $5.32.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Monday, March 12th will be given a dividend of $0.0093 per share. This is a boost from Gerdau’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, March 9th. This represents a $0.04 annualized dividend and a yield of 0.83%. Gerdau’s dividend payout ratio (DPR) is presently -10.00%.

GGB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Morgan Stanley cut Gerdau from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 8th. ValuEngine upgraded Gerdau from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Bank of America upgraded Gerdau from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Monday, November 27th. Finally, Credit Suisse Group upgraded Gerdau from a “neutral” rating to an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.50.

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About Gerdau

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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