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 highest price target was 70, which equates to a potential upside of 42.89 percent. The minimum price target given was 55, implying potential capital losses of 12.27 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -13.88 percent.

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.

GVA has an estimated earnings growth rate of 67.79 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, 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. 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. Currently the stock is 15.03 percent higher than its low, and below the high by 21.21 percent. 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.