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.

Several price targets were given for GVA by the analysts covering the stock. The most optimistic price target was 70, implying potential capital gains of 42.89 percent. The minimum price target given was 55, implying a possible loss 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.5 percent. That number becomes 2.62 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -2.18 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -13.88 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of GVA's earnings is estimated by analysts to be 67.79 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of GVA is 0.68.

In the trailing 52-weeks, GVA hit 62.18 at the highest peak, while it's lowest trading point was 42.59. 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 stock has a market capitalization of $1.94 billion. GVA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.