You should consider shares of Gerdau S.A. (NYSE:GGB) and KeyCorp (NYSE:KEY) if you are looking for a great stocks to invest in. Starting with the GGB shares, which traded at $4.03 at the close of the recent session, dropping -0.98%. On Tuesday, the company’s shares shed -$0.04 from its value which represented in intraday trading. The stock is now 0.25% higher in year-to-date (YTD) trading. GGB’s intraday high was $4.08 while its lowest price touched $4.00. The stock’s 52-week high price is $4.39, which means the current price is at -8.20%. In terms of trading activity, the daily trading volume fell to 8962072 against 200-day average trading volume of 9,855,740 shares.
What are analyst forecasts for Gerdau S.A. (NYSE:GGB)?
At a consensus rating of 4.00, GGB is trending as a streaking Moderate Buy, as it has been the case a month ago when 2 analysts called it a Moderate Buy. Two months ago, 2 analysts recommended, on average, that GGB stock is a Strong Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $4.05 on the day.
Forecasts for Gerdau S.A. (NYSE:GGB) give the stock a fair value for the growth of 11.04% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $4.53, which means the price per share could rise by nearly $0.5. The price range target is between a low of $2.89 and a high of $4.92. The stock would need to gain by about $18.09 to hit the estimated high or 0.68% from its 12-month low.
The consensus among 12 analysts is that it is a good time for one to Overweight in the Gerdau S.A. 10 analysts rate GGB as a Buy, with 1 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.
Gerdau S.A. (NYSE:GGB) Upgrades and Downgrades
In terms of rating changes, Goldman on December 13, 2018, Initiated Gerdau S.A. (GGB) at Buy. Analysts at BofA/Merrill have assigned a Buy rating for the stock in their research note on August 16, 2018. Moreover, Morgan Stanley analysts issued a rating of Equal-Weight for the stock on March 08, 2018. On February 02, 2018, the stock earned a Outperform rating due to an analyst call from Credit Suisse, while analysts from BofA/Merrill on November 27, 2017 suggested that the stock is Buy.
KeyCorp (NYSE:KEY) adds -$0.29 on Tuesday
The KEY stock has risen 27.00% year-to-date and is currently trading at $18.77, which is -3.94% below its 52-week high. The company shares lost -1.52% on the day and have risen nearly 37.46% off a low hit. At current levels, KeyCorp has a valuation of about $5.25B. As of 12/03/19, this stock has fallen -3.35% during the week and closed at $19.06 in the previous session. However, recent KeyCorp stock performance shows that KEY shares are 2.62% up over the last month, and 14.45% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.47, with the trailing 12-month share earnings at $1.61. The ratio is expected to be down by -5.20% for the current year 2019 and 13.90% for next year. Over the next 5-year period, earnings per share will be 4.08%. But will the KEY stock surprise in the current quarter results, where the $0.38 actual EPS reported on 9/29/2019 surprised by -17.40% or was lower by -$0.08 from the estimated $0.46.
Sales Growth to climb 2.00% for the year
How well will KeyCorp perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.63B and $1.67B in current quarter sales. The consensus estimated for the current quarter is $1.65B from sales. Forecasts for this fiscal year are between $6.36B and $6.43B and the consensus estimate for sales is at $6.4B. KEY has its next quarter sales estimates at between $1.53B and $1.6B, with the quarter-over-quarter growth estimates at -1.70% and the annual growth forecast for the year at 2.00%.
Who owns shares in KeyCorp (KEY)?
Let’s briefly focus on the share ownership of the KeyCorp (NYSE:KEY) stock, where we find that 83.54% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 113.96 million shares or 11.57% of shares outstanding. Blackrock Inc. and State Street Corporation held 81.31 million and 50.41 million representing 8.26% and 5.12% respectively at the close of the last trading session. As of Sep 29, 2019, JP Morgan Chase & Company accounted for 47.43 million shares at over 846.19 million. This represented 4.82% of shares outstanding. Capital World Investors held 40.38 million shares at over 720.42 million representing 4.10% of shares outstanding.
KEY Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at KeyCorp (KEY), a total of 1148819 shares have been sold by insiders over the last 6 months while 899756 shares were added in the same time span. On 10/22/2019, Chairman & Chief Executive Officer by the name Mooney Beth Elaine sold 437737.0 shares worth $8.0 million at the price of $18.28 per share. Filings also show that Mooney Beth Elaine sold a total of 362555.0 shares on 10/23/2019 valued at $6.6 million. Since the last insider activity, the company’s share price has climbed 4.55%.