Granite Construction Stock

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/ Stuttgart Stock Exchange WKN: 879080 / Symbol: GVA / Name: Granite Constr / Stock / Construction & Engineering / Mid Cap /

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Granite Construction Stock

The Granite Construction price is unchanged compared to yesterday.

Currently there is a rather negative sentiment for Granite Construction with 0 Buy predictions and 4 Sell predictions..

A potential of -26.25%, resulting from comparing the current price of 80.0 € with the target price of 59 € for Granite Construction, shows the chance of incurring significant losses.

What does Granite Constr do?

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
KBR Inc.
Emcor Group Inc.
Fluor Corp.

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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.

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Prediction Sell

Perf. (%)

Target price 67.047

Change

Ends at

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

The Goldman Sachs Group, Inc.

Prediction Sell

Perf. (%)

Target price 63.924

Change

Ends at

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

The Goldman Sachs Group, Inc.

Prediction Sell

Perf. (%)

Target price 55.000

Change

Ends at

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!