{"id":18031,"date":"2025-03-10T11:18:04","date_gmt":"2025-03-10T14:18:04","guid":{"rendered":"https:\/\/staging.portaltela.com\/noticias\/2025\/03\/10\/itau-bba-reduz-preco-alvo-da-gerdau-mas-mantem-recomendacao-de-compra\/"},"modified":"2025-03-10T11:18:04","modified_gmt":"2025-03-10T14:18:04","slug":"itau-bba-reduz-preco-alvo-da-gerdau-mas-mantem-recomendacao-de-compra","status":"publish","type":"post","link":"https:\/\/staging.portaltela.com\/noticias\/2025\/03\/10\/itau-bba-reduz-preco-alvo-da-gerdau-mas-mantem-recomendacao-de-compra\/","title":{"rendered":"Ita\u00fa BBA reduz pre\u00e7o-alvo da Gerdau, mas mant\u00e9m recomenda\u00e7\u00e3o de compra"},"content":{"rendered":"<p>O Ita\u00fa BBA revisou o pre\u00e7o-alvo das a\u00e7\u00f5es da Gerdau (GGBR4), reduzindo de <strong>R$ 25 para R$ 23<\/strong>, ap\u00f3s resultados do quarto trimestre de 2024 (4T24) que n\u00e3o atenderam \u00e0s expectativas. O banco ajustou suas proje\u00e7\u00f5es para o Ebitda de 2025, diminuindo-as em <strong>8%<\/strong>. \u00c0s 10h23 (hor\u00e1rio de Bras\u00edlia), as a\u00e7\u00f5es da Gerdau apresentavam queda de <strong>0,71%<\/strong>, cotadas a <strong>R$ 16,84<\/strong>. Apesar da revis\u00e3o, a recomenda\u00e7\u00e3o do BBA permanece como outperform, indicando um potencial de alta de <strong>36%<\/strong>.<\/p>\n<p>Os analistas destacam que o rendimento de fluxo de caixa (FCF) estimado para este ano \u00e9 de <strong>5%<\/strong>, impactado por um capex de <strong>R$ 6 bilh\u00f5es<\/strong> e <strong>R$ 515 milh\u00f5es<\/strong> para investimentos em usinas hidrel\u00e9tricas e na Addiante. O BBA projeta uma melhora na gera\u00e7\u00e3o de FCF a partir de 2025, com uma poss\u00edvel redu\u00e7\u00e3o no capex estrat\u00e9gico. No entanto, a falta de clareza sobre os investimentos futuros da Gerdau levou o banco a adotar uma postura mais conservadora, prevendo um capex m\u00e9dio de <strong>R$ 2,25 bilh\u00f5es<\/strong> entre 2026 e 2028, resultando em um rendimento m\u00e9dio de FCF de <strong>12%<\/strong>.<\/p>\n<p>A Gerdau tamb\u00e9m anunciou a incorpora\u00e7\u00e3o da \u201cSpecial Steel BD\u201d nas divis\u00f5es Brasil e Am\u00e9rica do Norte a partir do primeiro trimestre de 2025 (1T25). O BBA v\u00ea essa mudan\u00e7a como positiva, pois proporciona maior visibilidade sobre a real exposi\u00e7\u00e3o da empresa em termos de volumes e receitas. As margens para as divis\u00f5es podem ser diferentes das expectativas anteriores dos investidores, com o BBA projetando margens hist\u00f3ricas de Ebitda de <strong>20 a 25%<\/strong> no Brasil e <strong>10 a 15%<\/strong> na Am\u00e9rica do Norte.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>O Ita\u00fa BBA revisou o pre\u00e7o-alvo das a\u00e7\u00f5es da Gerdau (GGBR4), reduzindo de R$ 25 para R$ 23, ap\u00f3s resultados do quarto trimestre de 2024 (4T24) que n\u00e3o atenderam \u00e0s expectativas. O banco ajustou suas proje\u00e7\u00f5es para o Ebitda de 2025, diminuindo-as em 8%. \u00c0s 10h23 (hor\u00e1rio de Bras\u00edlia), as a\u00e7\u00f5es da Gerdau apresentavam queda [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"summary":"- O Ita\u00fa BBA reduziu o pre\u00e7o-alvo das a\u00e7\u00f5es da Gerdau de R$ 25 para R$ 23.  \n- Proje\u00e7\u00f5es de Ebitda para 2025 foram cortadas em 8%, refletindo resultados fracos.  \n- A a\u00e7\u00e3o da Gerdau caiu 0,71%, cotada a R$ 16,84, ap\u00f3s a revis\u00e3o do banco.  \n- Gerdau incorporar\u00e1 a \u201cSpecial Steel BD\u201d nas divis\u00f5es Brasil e Am\u00e9rica do Norte em 2025.  \n- Margens de Ebitda para a\u00e7o especial variam entre 20-25% no Brasil e 10-15% na Am\u00e9rica do Norte.","footnotes":""},"categories":[1],"tags":[100],"class_list":["post-18031","post","type-post","status-publish","format-standard","hentry","category-noticias","tag-noticia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ita\u00fa BBA reduz pre\u00e7o-alvo da Gerdau, mas mant\u00e9m recomenda\u00e7\u00e3o de compra - Portal Tela (STAGING)<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ita\u00fa BBA reduz pre\u00e7o-alvo da Gerdau, mas mant\u00e9m recomenda\u00e7\u00e3o de compra\" \/>\n<meta property=\"og:description\" content=\"O Ita\u00fa BBA revisou o pre\u00e7o-alvo das a\u00e7\u00f5es da Gerdau (GGBR4), reduzindo de R$ 25 para R$ 23, ap\u00f3s resultados do quarto trimestre de 2024 (4T24) que n\u00e3o atenderam \u00e0s expectativas. 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