Analyst Ratings for Granite Construction Inc. (GVA)

Updated: 2017-07-27

An average rating of Buy has been given to Granite Construction Inc. (NYSE:GVA) by analysts covering the stock. About 30 days ago, GVA was issued an average rating of Buy.

Of the 11 analysts covering the stock, 10 gave it a buy rating, 0 issued an overweight rating, 1 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for GVA. The highest price target was 70, implying potential capital gains of 42.89 percent. The most pessimistic price target was 55, which equates to a potential downside of 12.27 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -2.5 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 2.62 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.18 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -13.88 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of GVA to grow at a rate of 67.79 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. GVA has a PEG ratio of 0.68.

GVA has traded between a high of 62.18 and a low of 42.59 over the past year. Today's price is 15.03 percent above the 52-week low, and 21.21 percent below the high. GVA has a price/earnings ratio of 45.79. Investors typically compare the P/E ratio to a company's peers in the industry. The GVA value stock report compares GVA to some of its peers using value stock charts. The stock has a market capitalization of $1.94 billion. GVA's next earnings release will be on 0000-00-00, which is days away.