Granite Construction Incorporated (GVA)
NYSE: GVA · IEX Real-Time Price · USD
62.29
+0.38 (0.61%)
May 31, 2024, 4:00 PM EDT - Market closed
Granite Construction Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for GVA stock have an average target of 57, with a low estimate of 50 and a high estimate of 64. The average target predicts a decrease of -8.49% from the current stock price of 62.29.
Analyst Consensus: Hold
* Price targets were last updated on Apr 16, 2024.
Analyst Ratings
The average analyst rating for GVA stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 0 | 0 | 1 | 1 |
| Total | 1 | 1 | 1 | 1 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $44 → $50 | Strong Sell | Maintains | $44 → $50 | -19.73% | Apr 16, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $64 | Strong Buy | Maintains | $64 | +2.75% | Mar 11, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $60 → $64 | Strong Buy | Maintains | $60 → $64 | +2.75% | Feb 27, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $32 → $36 | Strong Sell | Maintains | $32 → $36 | -42.21% | Feb 21, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $32 → $28 | Strong Sell | Maintains | $32 → $28 | -55.05% | Oct 14, 2022 |
Financial Forecast
Revenue This Year
3.94B
from 3.51B
Increased by 12.36%
Revenue Next Year
4.20B
from 3.94B
Increased by 6.47%
EPS This Year
4.53
from 0.97
Increased by 367.52%
EPS Next Year
5.14
from 4.53
Increased by 13.31%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.1B | 4.4B | 4.5B |
| Avg | 3.9B | 4.2B | 4.4B |
| Low | 3.8B | 4.0B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.5% | 11.7% | 8.3% |
| Avg | 12.4% | 6.5% | 4.1% |
| Low | 8.3% | 2.5% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.00 | 5.80 | 5.22 |
| Avg | 4.53 | 5.14 | 5.02 |
| Low | 4.12 | 4.49 | 4.87 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 415.3% | 27.8% | 1.6% |
| Avg | 367.5% | 13.3% | -2.3% |
| Low | 324.3% | -1.0% | -5.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.