Granite Construction Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 2 out of 43 in the Construction & Engineering industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 135.20.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Media Coverage
The current financial score of Granite Construction Inc is 8.91, ranking 5 out of 43 in the Construction & Engineering industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 1.43B, representing a year-over-year increase of 12.39%, while its net profit experienced a year-over-year increase of 30.37%.
The current valuation score of Granite Construction Inc is 7.07, ranking 26 out of 43 in the Construction & Engineering industry. Its current P/E ratio is 28.90, which is 171.68% below the recent high of 78.52 and 37.06% above the recent low of 18.19.

The current earnings forecast score of Granite Construction Inc is 8.00, ranking 18 out of 43 in the Construction & Engineering industry. The average price target is 130.00, with a high of 147.00 and a low of 109.00.


Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Granite Construction Inc is 8.89, ranking 25 out of 43 in the Construction & Engineering industry. Currently, the stock price is trading between the resistance level at 125.37 and the support level at 115.73, making it suitable for range-bound swing trading.

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Granite Construction Inc is 10.00, ranking 1 out of 43 in the Construction & Engineering industry. The latest institutional shareholding proportion is 119.10%, representing a quarter-over-quarter increase of 1.87%. The largest institutional shareholder is The Vanguard, holding a total of 4.64M shares, representing 10.64% of shares outstanding, with 1.73% decrease in holdings.

The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Construction & Engineering domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Granite Construction Inc is 9.11, ranking 1 out of 43 in the Construction & Engineering industry. The company's beta value is 1.34. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.