At the time of writing, Granite Construction Inc. [GVA] stock is trading at $79.74, up 0.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GVA shares have gain 2.89% over the last week, with a monthly amount glided 8.45%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Granite Construction Inc. fluctuated between $33.74 and $81.38. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Granite Construction Inc. [NYSE: GVA] shares were valued at $79.74 at the most recent close of the market. An investor can expect a potential drop of -12.21% based on the average GVA price forecast.
Analyzing the GVA fundamentals
According to Granite Construction Inc. [NYSE:GVA], the company’s sales were 3.81B for trailing twelve months, which represents an 20.47% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 79.31 points at the first support level, and at 78.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.98, and for the 2nd resistance point, it is at 80.22.
Ratios To Look Out For
It is important to note that Granite Construction Inc. [NYSE:GVA] has a current ratio of 1.68. Also, the Quick Ratio is 1.56, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 3.74 and price to earnings (TTM) ratio is 51.27.
Transactions by insiders
Recent insider trading involved CAMPBELL MOLLY, Director, that happened on Aug 20 ’24 when 2810.0 shares were sold. Director, CAMPBELL MOLLY completed a deal on Aug 20 ’24 to buy 2810.0 shares. Meanwhile, Senior Vice President Tatusko Michael G sold 5000.0 shares on Aug 06 ’24.
