There is no shortage of investors who are bullish on Granite Construction Inc. (GVA) stock

Granite Construction Inc. [GVA] stock prices are up 2.36% to $56.78 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GVA shares have gain 5.11% over the last week, with a monthly amount glided 15.83%, and seem to be holding up well over a long-time horizon.

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On 13, March 2024, Granite Earns its Fourth Consecutive Early Talent Award from Handshake. In a post published today on Yahoo Finance, Granite (NYSE:GVA) continues to shine in talent engagement. For the fourth consecutive year, the company has secured Handshake’s Early Talent Award (ETA). This annual award celebrates the best employers for people starting their careers, and Granite is one of a select group in its industry to be recognized (out of 900,000+ employers using Handshake).

From an analyst’s perspective:

Granite Construction Inc. [NYSE: GVA] stock has seen the most recent analyst activity on April 15, 2021, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $55 from $35. Previously, Goldman downgraded its rating to Sell on January 13, 2020, and dropped its price target to $26. On October 28, 2019, downgrade downgraded it’s rating to Neutral and revised its price target to $30 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $31 on August 08, 2019. B. Riley FBR downgraded its rating to a Neutral and reduced its price target to $41 on July 30, 2019. Goldman upgraded its rating to Buy for this stock on May 29, 2019. In a note dated April 29, 2019, B. Riley FBR reiterated an Buy rating on this stock and revised its target price from $66 to $53.

The stock price of Granite Construction Inc. [GVA] has been fluctuating between $33.74 and $55.88 over the past year. Granite Construction Inc. [NYSE: GVA] shares were valued at $56.78 at the most recent close of the market.

Analyzing the GVA fundamentals

The Granite Construction Inc. [NYSE:GVA] reported sales of 3.51B for trailing twelve months, representing a surge of 18.31%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.66 points at the first support level, and at 54.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.92, and for the 2nd resistance point, it is at 59.05.

Granite Construction Inc. [GVA] reported earnings per share of $0.82 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.88/share, meaning a difference of $-0.06 and a surprise factor of -6.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.69 per share as compared to estimates of $1.45 per share, a difference of $0.24 representing a surprise of 16.60%.

Ratios To Look Out For

It’s worth pointing out that Granite Construction Inc. [NYSE:GVA]’s Current Ratio is 1.60. As well, the Quick Ratio is 1.49, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 2.55 and price to earnings (TTM) ratio is 87.84.