TOday’s Movers: Granite Constr (NYSE:GVA) Stock Rating Restated at Cowen; $46.0 Target Price Indicates 10.71% Potential

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Granite Constr (NYSE:GVA) Rating Reaffirmed

In an analyst research report announced on Wednesday morning, The “Outperform” rating of Granite Constr (NYSE:GVA) shares was reconfirmed by Analysts at Cowen, who now has a $46.0 PT on the stock. Cowen’s PT could mean a possible upside of 10.71% from the last stock close price of the company.

The stock increased 1.91% or $0.78 during the last trading session, striking $41.55. Approximately shares of stock traded hands. Granite Construction Inc. (NYSE:GVA) has risen 16.29% since April 29, 2015 and is uptrending. It has outperformed by 16.49% the S&P500.

Granite Construction Incorporated is a heavy civil contractors and construction materials producer in the United States. The company has a market cap of $1.59 billion. The Firm operates through divisions, including Construction, Large Project Construction and Construction Materials. It has 34.05 P/E ratio. The Firm operates across the nation, serving both public and private sector clients.

According to Zacks Investment Research, “Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. The Company concentrates on ifrastructure projects including roads, bridges, dams, tunnels, canals and rapid transit facilities. The Company also manufactures asphalt, concrete base rock and other construction materials. The Company has offices in Arizona, Nevada, Utah, Texas, Georgia and California.” Get a free copy of the Zacks research report on Granite Construction Inc. (GVA).

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