Stock Rating Upgrade
The Value Trend Rating for Granite Construction Inc. (NYSE: GVA) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Granite Construction Inc. (NYSE: GVA) stock closed at $88.14 on 1/31/25 after a modest decline of -1.2%. Moreover, trading volume in this decline was above average at 125% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.1% during the last week.
Current PriceTarget Research Rating
Granite Construction has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Granite Construction has a poor Appreciation Score of 29 but a very high Power Rating of 96, and the Positive Value Trend Rating results.
Be the first to comment