Granite Construction Inc [GVA] stock prices are up 1.62% to $91.61 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GVA shares have gain 3.67% over the last week, with a monthly amount drifted -4.09%, and not seem to be holding up well over a long-time horizon.
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 $43.92 and $105.20 over the past year. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Granite Construction Inc [NYSE: GVA] shares were valued at $91.61 at the most recent close of the market. An investor can expect a potential drop of -23.59% based on the average GVA price forecast.
Analyzing the GVA fundamentals
The Granite Construction Inc [NYSE:GVA] reported sales of 3.96B for trailing twelve months, representing a surge of 14.21%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
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 91.10 points at the first support level, and at 90.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.21, and for the 2nd resistance point, it is at 92.81.
Ratios To Look Out For
It’s worth pointing out that Granite Construction Inc [NYSE:GVA]’s Current Ratio is 1.56. On the other hand, the Quick Ratio is 1.46, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 3.98 and price to earnings (TTM) ratio is 44.76.
Transactions by insiders
Recent insider trading involved Mastin Celeste Beeks, Director, that happened on Dec 12 ’24 when 5435.0 shares were sold. Director, Mastin Celeste Beeks completed a deal on Dec 12 ’24 to buy 5435.0 shares. Meanwhile, Director CAMPBELL MOLLY bought 1670.0 shares on Nov 08 ’24.
