Is Gerdau Sa Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 1 Wall Street analyst covering (NYSE: GGB) stock is to Hold GGB stock.
Out of 1 analyst, 0 (0%) are recommending GGB as a Strong Buy, 0 (0%) are recommending GGB as a Buy, 1 (100%) are recommending GGB as a Hold, 0 (0%) are recommending GGB as a Sell, and 0 (0%) are recommending GGB as a Strong Sell.
What is GGB's forecast return on equity (ROE) for 2023-2023?
(NYSE: GGB) forecast ROE is 14.47%, which is considered weak.
What is GGB's Price Target?
According to 1 Wall Street analyst that have issued a 1 year GGB price target, the average GGB price target is $5.71, with the highest GGB stock price forecast at $5.71 and the lowest GGB stock price forecast at $5.71.
The Wall Street analyst predicted that Gerdau Sa's share price could reach $5.71 by Feb 9, 2024. The average Gerdau Sa stock price prediction forecasts a potential upside of 14.43% from the current GGB share price of $4.99.
What is GGB's forecast return on assets (ROA) for 2023-2023?
(NYSE: GGB) forecast ROA is 9.04%, which is lower than the forecast US Steel industry average of 12.24%.
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