Granite Construction Inc. (NYSE:GVA) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Having a price of $48.17, Granite Construction Inc. (NYSE:GVA) traded -1.26% lower on the day. With the last stock price up 4.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GVA has recorded a 50-day average of $48.10 and a two hundred day average of $46.49. Trade Volume was up over the average, with 261,131 shares of GVA changing hands over the typical 232,282
Zacks Investment Research has downgraded Granite Construction Inc. (NYSE:GVA) to Sell in a statement released on 10/5/2016.
On 08/02/2016, MKM Partners released a statement about Granite Construction Inc. (NYSE:GVA) upped the target price from $55.00 to $56.00 that suggested an upside of 0.12%.
Recent Performance Chart
Granite Construction Inc. has PE ratio of 31.17 with a one year low of $30.14 and a one year high of $51.35 and has a market capitalization of $0.
A total of 10 brokerages have issued a ratings update on Granite Construction Inc.. Four brokerages rating the company a strong buy, four brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $51.10.
General Company Details For Granite Construction Inc. (NYSE:GVA)
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. Its Construction segment performs construction management, as well as various civil construction projects with a portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities and other infrastructure projects. The Company's Large Project Construction segment focuses on large and complex infrastructure projects, which have a longer duration than its Construction segment work. The Company's Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties.
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