InvestorsObserver is giving Granite Construction Inc. (GVA) an Analyst Rating Rank of 5, meaning GVA is ranked higher by analysts than 5% of stocks. The average price target for GVA is $17 and analyst’s rate the stock as a Sell
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Granite Construction Inc. Stock Today?
Granite Construction Inc. (GVA) stock has risen 7.1% while the S&P 500 is lower by -0.44% as of 12:27 PM on Tuesday, Mar 30. GVA has gained $2.67 from the previous closing price of $37.61 on volume of 508,655 shares. Over the past year the S&P 500 is up 50.52% while GVA has gained 197.05%. GVA lost -$2.23 per share the over the last 12 months.
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