Recent notable positive changes in fundamentals have benefitted Granite Construction Inc. (NYSE: GVA): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Granite Construction Inc. (NYSE: GVA) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
GVA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Granite Construction has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Granite Construction has a slightly negative Appreciation Score of 33 but a very high Power Rating of 94, triggering the Positive Value Trend Rating.
Recent Price Action
Granite Construction Inc. (NYSE: GVA) stock rose modestly by 0.5% on 9/11/24. The stock closed at $72.74. However, this advance was accompanied by unusually low trading volume at 57% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
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