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10 Brazilian Stocks With Upside

5. Gerdau (GGB - Get Report) is an integrated steel player operating in Brazil, North America and Latin America.

On average, analysts expect the company to deliver net profit growth of around 10% in 2011, riding on the back of improving fundamentals.

Net revenue increased 18% year-over-year during the latest first quarter, backed by improved sales. However, higher production costs dented profitability year-over-year, while margins increased sequentially. Gross margin stood at 13.9% and EBITDA margin increased to 13.2% for the quarter.

To consolidate its growth plans, Gerdau recently announced the acquisition of Acos Villares, a company engaged in the production of long steel. The proportion of North American sales increased to 35% in overall sales during the quarter, while domestic sales declined.

The stock is trading at 13.5 times its 2011 earnings and analysts expect an upside of 42%, with a buy rating of 56%.

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SYM TRADE IT LAST %CHG
BBD $10.86 -1.36%
CIG $5.01 -0.99%
ERJ $30.90 0.72%
GOL $2.94 4.26%
GGB $3.51 -3.31%

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