Canopy Growth stock tumbles after announcing $200 million share sale plan
Granite Construction Inc (NYSE:GVA). stock has reached an all-time high, hitting a price of 105.3 USD, with analysts setting price targets up to $125. According to InvestingPro, the company’s market capitalization now stands at $4.52 billion. This milestone reflects the company’s strong performance, with revenue growing 11.42% and the stock delivering a 47.25% return over the past year. The surge in stock price underscores investor confidence and the company’s robust market position, supported by 36 consecutive years of dividend payments. InvestingPro analysis reveals 13 additional key insights about Granite Construction’s growth potential and financial health. Granite Construction’s achievement of this all-time high marks a notable moment in its trading history, as it continues to build momentum with a P/E ratio of 29.94 and attracts attention from market participants. For comprehensive analysis and detailed valuation metrics, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Granite Construction reported its Q2 2025 earnings, achieving an earnings per share (EPS) of $1.93, which surpassed analyst expectations of $1.66 by 16.27%. However, the company faced a revenue shortfall, reporting $1.13 billion compared to the anticipated $1.16 billion, a 2.59% miss. In addition to the earnings report, DA Davidson raised its price target for Granite Construction to $125.00 from $108.00, maintaining a Buy rating. This adjustment reflects recent acquisitions that are expected to boost the company’s materials and aggregates-derived revenue and profits. DA Davidson highlighted Granite’s updated 2027 financial framework, which suggests a promising earnings trajectory. These developments provide investors with key insights into the company’s recent financial performance and future prospects.
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