Stock To Watch: Granite Construction Incorporated (NYSE:GVA)


The leading market experts have placed a mean price target of $51.10 on Granite Construction Incorporated (NYSE:GVA) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.06 a share for the upcoming quarter and $1.83 for the current fiscal. Technical View The technical analysis of Granite Construction Incorporat plainly substantiates that the 50-day moving average of Granite Construction Incorporat is $43.51, and stock is hovering 0.20 or +0.47% distant from $43.51. It is noted that the 200-day MA is $42.22, and Granite Construction Incorporat stock is $1.49 or +3.52% off from this point. Granite Construction Incorporated (NYSE:GVA) 52-week high is $48.59 and the 52-week low is $28.45. This explains if the stock moves $-4.88, it will post a 52-week high. In event of $+53.64% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Granite Construction Incorporat, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Granite Construction Incorporated (NYSE:GVA) ratio came in at 30.00. The stock last ended the trading session at $43.71 and registered a market cap of $1.73B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Granite Construction Incorporated (NYSE:GVA) PEG ratio is at 3.42.

1 Chart Pattern Every Investor Should Know

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