Alert: Positive Investment/Fundamental Signals (11/6/23)-Granite Construction Inc. (NYSE: GVA)


Granite Construction Inc. (NYSE: GVA) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Significant positive changes in fundamentals have recently occurred for Granite Construction Inc. (NYSE: GVA): the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

GVA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Granite Construction has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Granite Construction has a poor Appreciation Score of 25 but a good Power Rating of 75, producing the Neutral Value Trend Rating.

Recent Price Action

Granite Construction Inc. (NYSE: GVA) stock rose slightly by 0.2% on 11/6/23. The stock closed at $46.01. The stock has performed in line with the market over the last nine months and has risen 34.3% during the last week.

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