- Granite Construction (GVA, Financial) lands a $111 million project in Salt Lake City.
- Analysts set a price target suggesting a potential upside of nearly 10%.
- GuruFocus estimates foresee a notable downside, indicating potential risks.
Granite Construction (GVA) has successfully obtained a $111 million contract from the Utah Department of Transportation to develop a significant infrastructure project in Salt Lake City. This formidable initiative, which will utilize substantial material supply from Granite's own facilities, is scheduled to commence in August 2025, with an anticipated completion date set for November 2026.
Analyst Insights and Price Targets
Industry experts have weighed in with insights on Granite Construction's potential. According to four analysts, the average one-year price target for GVA is set at $101.75. This represents a high estimate of $118.00 and a low of $76.00. Such projections suggest an anticipated upside of 9.82% from the current trading price of $92.65. Investors seeking further details can explore the comprehensive estimate data available on the Granite Construction Inc (GVA, Financial) Forecast page.
Brokerage Recommendations
The consensus recommendation drawn from three brokerage firms presents Granite Construction Inc (GVA, Financial) with an average brokerage recommendation of 2.7, signifying a "Hold" position. This rating is derived from a scale of 1 to 5, where 1 indicates a Strong Buy and 5 represents a Sell.
GF Value Estimate and Potential Risks
Based on estimates from GuruFocus, the projected GF Value for Granite Construction Inc (GVA, Financial) over the next year is $68.03, suggesting a potential downside of 26.57% from the current price of $92.65. The GF Value is GuruFocus' measure of the fair value at which the stock should ideally be traded. This assessment considers historical trading multiples, past business growth, as well as future performance forecasts. Investors interested in a deeper dive into this data can visit the Granite Construction Inc (GVA) Summary page.
