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Price
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€59.91
 
07:31 / Stuttgart Stock Exchange WKN: 879080 / Symbol: GVA / Name: Granite Constr / Stock / Construction & Engineering / Mid Cap /
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Granite Construction Stock

There is no change in the price for Granite Construction today.
Our community is currently low on Granite Construction with 0 Buy predictions and 4 Sell predictions.
This results in a negative potential of -24.36% based on a current price of 78.0 € and a target price of 59 € for the stock.

Pros and Cons of Granite Construction in the next few years

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Performance of Granite Construction vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Granite Construction 0.000% 0.000% 0.641% 41.441% -7.101% 184.420% 361.765%
KBR Inc. -1.950% -0.485% -10.870% -31.667% -24.771% - -
Emcor Group Inc. 1.000% 4.498% 9.553% 34.537% 2.876% 357.563% -
Fluor Corp. 0.470% -0.476% 20.087% 8.040% -6.151% 94.339% 331.207%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-06-03

Upon an initial review of Granite Construction's (GVA) financial statements, the company seems to be experiencing some shifts in its financial position over the past few years. It's essential to delve deeper to understand the subtleties in the financials better and assess the strengths and weaknesses of the company to make informed decisions about the investment prospects.

*Pros: *

Revenue: Granite Construction's total revenue has been relatively stable, with a 3.5% decline from 2020 to 2021, followed by a 9.4% increase to 2022. This shift indicates that the company may have adjusted to the challenges posed by the pandemic and can capitalize on new opportunities in the Construction & Engineering industry.

Comments

Prediction Sell
Perf. (%) 8.28%
Target price 67.047
Change
Ends at 05.05.26

Granite Construction Incorporated (NYSE: GVA) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $69.00 to $76.00. They now have a "sell" rating on the stock.
Ratings data for GVA provided by MarketBeat
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Prediction Sell
Perf. (%) 5.75%
Target price 63.924
Change
Ends at 09.10.25

Granite Construction Incorporated (NYSE: GVA) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $61.00 to $70.00. They now have a "sell" rating on the stock.
Ratings data for GVA provided by MarketBeat
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Prediction Sell
Perf. (%) 18.75%
Target price 55.000
Change
Ends at 27.08.25

Hey there, fellow investor! I've been eyeing Granite Construction lately, and I've got to say, I'm a bit wary. Sure, they've landed some sweet contracts, like that $38 million Highway 101 gig, but here's the thing: the stock's already had a massive run-up. We're talking a 46% jump in just six months! That's like a rocket ship that's already reached the stratosphere - how much higher can it really go? Now, don't get me wrong, Granite's doing some solid work. They're recycling materials, focusing on sustainability, and their project pipeline looks decent. But at a P/E of over 40, compared to the industry median of about 15, this stock's priced like it's made of actual granite! It's trading way above its GF Value of $43.13, which makes me think it might be time for a reality check. Plus, we've seen insiders selling recently - not exactly a vote of confidence, is it? It's like the captain jumping ship before the storm hits. While Granite's long-term performance has been stellar, with a 23% CAGR over five years, trees don't grow to the sky, right? So, here's my take: If you're holding Granite, it might be time to consider taking some profits off the table. For potential buyers, I'd say wait for a pullback. This stock might need to cool off a bit before it's worth another look. Remember, sometimes the best move in construction is to wait for the dust to settle!
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News

Granite to Expand Southern Nevada Water Infrastructure with Addition of Rice Pumping Station
Granite to Expand Southern Nevada Water Infrastructure with Addition of Rice Pumping Station


Granite (NYSE:GVA) is proud to announce its continued collaboration with the Southern Nevada Water Authority (SNWA) and Contri Construction Company through the award of the Rice Pumping Station &amp

Granite and JV Partner Advance Southern Nevada Water Infrastructure with Paradise Hills CMAR Project
Granite and JV Partner Advance Southern Nevada Water Infrastructure with Paradise Hills CMAR Project


Granite (NYSE:GVA), in partnership with Contri Construction Company, is pleased to announce the formation of Southern Nevada Construction Partners (SNCP), a joint venture. SNCP has been selected to

Granite Selected for Tahoe Cedars Water Reconstruction Project
Granite Selected for Tahoe Cedars Water Reconstruction Project


Granite (NYSE:GVA) has been selected by the Tahoe City Public Utility District (TCPUD) for the approximately $3 million preconstruction portion of the Tahoe Cedars Water Reconstruction Project