Granite Construction (GVA) Receives Daily Coverage Optimism Rating of 0.23
News headlines about Granite Construction (NYSE:GVA) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Granite Construction earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.6977125732808 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Granite Construction Incorporated (GVA) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Brokerages Expect Granite Construction Incorporated (GVA) Will Post Earnings of $0.73 Per Share (americanbankingnews.com)
- Granite Construction Incorporated (GVA) Director Sells $198,126.55 in Stock (americanbankingnews.com)
- Short Interest Moves 15.8% Lower For GVA (thestreet.com)
A number of equities research analysts have weighed in on GVA shares. Zacks Investment Research raised Granite Construction from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, October 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 target price on shares of Granite Construction in a report on Saturday, August 26th. FBR & Co raised their target price on Granite Construction from $63.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. BidaskClub cut Granite Construction from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Cowen and Company reiterated a “buy” rating and issued a $70.00 price target on shares of Granite Construction in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.00.
Shares of Granite Construction (GVA) traded up $0.66 on Thursday, hitting $61.94. The stock had a trading volume of 232,766 shares, compared to its average volume of 395,218. Granite Construction has a one year low of $45.14 and a one year high of $67.20. The company has a market cap of $2,470.00, a PE ratio of 48.08, a price-to-earnings-growth ratio of 5.44 and a beta of 1.24. The company has a quick ratio of 1.71, a current ratio of 1.79 and a debt-to-equity ratio of 0.24.
Granite Construction (NYSE:GVA) last announced its quarterly earnings results on Friday, October 27th. The construction company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. Granite Construction had a return on equity of 5.71% and a net margin of 1.84%. The company had revenue of $957.10 million during the quarter, compared to analysts’ expectations of $905.14 million. During the same period in the prior year, the company earned $0.92 EPS. Granite Construction’s revenue was up 19.1% compared to the same quarter last year. research analysts anticipate that Granite Construction will post 1.63 earnings per share for the current fiscal year.
In related news, Director William Howard Powell sold 3,103 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $63.85, for a total transaction of $198,126.55. Following the completion of the transaction, the director now directly owns 46,771 shares of the company’s stock, valued at approximately $2,986,328.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James D. Richards sold 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $55.50, for a total value of $222,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
About Granite Construction
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.
Receive News & Ratings for Granite Construction Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Construction Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.