A share price of Granite Construction Inc [GVA] is currently trading at $77.93, up 2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The GVA shares have gain 0.89% over the last week, with a monthly amount drifted -2.06%, 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.
Granite Construction Inc experienced fluctuations in its stock price throughout the past year between $52.99 and $105.20. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Granite Construction Inc [NYSE: GVA] shares were valued at $77.93 at the most recent close of the market. An investor can expect a potential drop of -10.18% based on the average GVA price forecast.
Analyzing the GVA fundamentals
Trailing Twelve Months sales for Granite Construction Inc [NYSE:GVA] were 4.01B which represents 4.67% growth. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, 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 0.13 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.
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 75.95 points at the first support level, and at 73.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.24, and for the 2nd resistance point, it is at 80.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Granite Construction Inc [NYSE:GVA] is 1.66. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 3.33 and price to earnings (TTM) ratio is 33.23.
Transactions by insiders
Recent insider trading involved CAMPBELL MOLLY, Director, that happened on Mar 12 ’25 when 2070.0 shares were sold. Director, CAMPBELL MOLLY completed a deal on Mar 12 ’25 to buy 2070.0 shares. Meanwhile, Senior Vice President Dowd Brian R sold 2025.0 shares on Feb 28 ’25.
