As per the research groups listed in Thomson Reuters survey, Granite Construction Incorporated (NYSE:GVA), the stock can touch mean price target of $56.11 in coming period. This price target highlights the recommendations of leading experts in the market.
Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.52 per share in looming quarter and $1.58 during current fiscal.
While evaluating Granite Construction Incorporat on the technical side, it is seen that the firm’s shares price is trading $-0.77 points away or -1.57% from its 50-day moving average of $49.10. Further it is trading $3.66 or +8.19% away its 200-day moving average of $44.67. MA here stands for moving average.
Granite Construction Incorporated (NYSE:GVA) stock made a high of $51.35 in last 12-months while the lowest level in same period was $28.45. It entails if stock price makes a movement of over $-3.02, it will make a new 52-week high. In the case of +69.88% decline, it will touch a new 52-week low.
The valuation of Granite Construction Incorporat is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Granite Construction Incorporated (NYSE:GVA) P/E ratio is 31.08. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Granite Construction Incorporat it stands at 4.44.
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