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.

Investment analysts gave a few price targets for GVA. The most optimistic price target was 70, implying a possible profit 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. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. 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.

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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. GVA has a PEG ratio of 0.68.

GVA has a 52-week high of 62.18 and a 52-week low of 42.59. Currently the stock is 15.03 percent higher than its low, and 21.21 percent lower than its 52-week high. GVA has a P/E 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's next earnings release will be on 0000-00-00, which is days away.