Reaffirmed: Granite Constr (NYSE:GVA) Outperform Rating Maintained by Analysts at Cowen; $46 Target in Place


Granite Constr (NYSE:GVA) Rating Reaffirmed

Cowen now has a $46 target PPS on the $1.59B market cap company or 10.71% upside potential. In a recent research report issued on Wednesday morning, Granite Constr (NYSE:GVA) shares have had their Outperform Rating reaffirmed by stock research analysts at Cowen.

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).