Granite Construction Incorporated (GVA)
NYSE: GVA · IEX Real-Time Price · USD
53.68
-0.14 (-0.26%)
Apr 18, 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 an increase of 6.18% from the current stock price of 53.68.
Analyst Consensus: Hold
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 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 | 1 | 0 | 0 | 1 |
| Total | 1 | 1 | 1 | 1 | 1 | 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 | -6.86% | Apr 16, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $64 | Strong Buy | Maintains | $64 | +19.23% | Mar 11, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $60 → $64 | Strong Buy | Maintains | $60 → $64 | +19.23% | Feb 27, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $32 → $36 | Strong Sell | Maintains | $32 → $36 | -32.94% | Feb 21, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $32 → $28 | Strong Sell | Maintains | $32 → $28 | -47.84% | Oct 14, 2022 |
Financial Forecast
Revenue This Year
3.92B
from 3.51B
Increased by 11.79%
Revenue Next Year
4.20B
from 3.92B
Increased by 7.11%
EPS This Year
4.36
from 0.97
Increased by 349.40%
EPS Next Year
5.06
from 4.36
Increased by 15.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.1B | 4.4B | 4.5B |
| Avg | 3.9B | 4.2B | 4.4B |
| Low | 3.7B | 4.0B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.5% | 12.2% | 7.9% |
| Avg | 11.8% | 7.1% | 3.8% |
| Low | 6.0% | 2.7% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.70 | 5.71 | 5.21 |
| Avg | 4.36 | 5.06 | 5.01 |
| Low | 4.08 | 4.47 | 4.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 384.9% | 31.0% | 3.0% |
| Avg | 349.4% | 16.0% | -0.9% |
| Low | 320.3% | 2.5% | -3.9% |
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.