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Zacks Investment Research upgraded Granite Construction Inc. (NYSE:GVA) to Hold in a report released today.

Just yesterday Granite Construction Inc. (NYSE:GVA) traded -2.12% lower at $47.94. Granite Construction Inc.’s 50-day moving average is $53.62 and its 200-day moving average is $52.67. The last closing price is down -8.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 629,557 shares of GVA traded hands, up from an average trading volume of 346,592

Zacks Investment Research has upgraded Granite Construction Inc. (NYSE:GVA) to Hold in a report released on 3/20/2017.

Recent Performance Chart

Granite Construction Inc. (NYSE:GVA)

Granite Construction Inc. has 52 week low of $40.16 and a 52 week high of $62.18 with a PE ratio of 33.76 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $51.10 with 4 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, water and wastewater facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.

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