Cowen Has Just Reaffirmed $46.00 Target Price Per Share on Granite Constg


Granite Construction Inc (NYSE:GVA) Rating Reaffirmed

They currently have a $46.00 Estimated Target Price on Granite Construction Inc (NYSE:GVA). The target price by Cowen would suggest a potential upside of 10.71% from the company’s closing share price. This has been disclosed in a recent research report on 2 December.

The stock closed the day at $41.55 during the previous session. It is down 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 $1.64 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).