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


The leading market experts have placed a mean price target of $56.11 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 $0.52 a share for the upcoming quarter and $1.58 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 $49.30, and stock is trading $0.14 points away or +0.28% from its 50-day moving average of $49.30. Further it is trading $3.78 or +8.27% away its 200-day moving average of $45.66. Granite Construction Incorporated (NYSE:GVA) 52-week high is $51.35 and the 52-week low is $28.45.

This explains if the stock moves $-1.91, it will post a 52-week high. In event of +73.78% 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 31.79.

The stock last ended the trading session at $49.44 and registered a market cap of $1.96B. 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 4.43.

1 Chart Pattern Every Investor Should Know

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