Granite Construction Incorporat with ticker code (GVA) now have 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 57 and 36 with the average target price sitting at $51.40. Now with the previous closing price of $38.74 and the analysts are correct then we can expect a percentage increase in value of 32.7%. The 50 day moving average now sits at $41.11 and the 200 day moving average is $34.50. The company has a market cap of $1,676m. Find out more information at: https://www.graniteconstruction.com
The potential market cap would be $2,224m based on the market consensus.
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. In addition, the company offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was incorporated in 1922 and is headquartered in Watsonville, California.
The company has a dividend yield of 1.36% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 22.54, revenue per share of 74.21 and a 2.09% return on assets.
