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.

GVA was given price targets by several analysts. The most optimistic 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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.5 percent. The average change in earnings estimates over the last 90 days is 2.62 percent. Meanwhile, fiscal year estimates have been revised downwards by -2.18 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -13.88 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

GVA has an estimated earnings growth rate of 67.79 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of GVA is 0.68.

GVA has traded between a high of 62.18 and a low of 42.59 over the past year. The current market price is above the trailing year's low by 15.03 percent, and 21.21 percent lower than its 52-week 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 market cap of GVA is $1.94 billion. GVA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.