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Enter Symbol:
 
Granite Construction Incorporated (GVA) [hlAlert]

Rating:
Outperform
GVA
down 19.12 %

Granite Construction Incorporated (GVA) upgraded to Outperform with price target $48 by FBR Capital

Posted on: Friday,  Dec 11, 2015  8:25 AM ET by FBR Capital

FBR Capital rated Outperform Granite Construction Incorporated (NYSE: GVA) on 12/11/2015, when the stock price was $41.99. Since
then, Granite Construction Incorporated has lost 19.12% as of 12/11/2015's recent price of $33.96.
If you would have followed this FBR Capital's recommendation on GVA, you would have lost 19.12% of your investment in 0 days.

Granite Construction Inc. (Granite) is a heavy civil contractor and a construction materials producer. The Company is engaged in the construction of highways, dams, airport infrastructure, mass transit facilities, real estate site development and other infrastructure related projects. The Company operates nationwide, serving both public and private sector clients. Within the public sector, it primarily focuses on infrastructure projects, including the construction of roads, highways, bridges, dams, canals, mass transit facilities and airport infrastructure. Within the private sector, it performs site preparation and infrastructure services for residential development, commercial and industrial buildings, plants and other facilities. It owns and leases substantial aggregate reserves and own a number of construction materials processing plants. The Company also have a contractor-owned heavy construction equipment fleets in the United States.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2015 8:25 AM Buy
None
41.99 48.00
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2015 11:25 AM Hold
None
37.47 39.00
3/7/2014 11:25 AM Hold
None
38.52 36.00
9/10/2013 10:25 AM Hold
None
29.86 32.00
8/8/2011 8:25 AM Hold
None
19.11 24.00
4/23/2010 12:25 PM Hold
None
32.57 33.00
1/6/2010 8:25 AM Buy
None
34.62 40.00

(*) Stock Price at the time of the recommendation.
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