Granite Construction (GVA) Forms $64.03 Double Top; 9 Analysts Covering International Paper Company (IP)

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 61 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Friday, June 9 report. The rating was downgraded by Jefferies on Tuesday, May 3 to “Hold”. The firm has “Buy” rating given on Monday, May 29 by RBC Capital Markets. On Monday, September 18 the stock rating was maintained by BMO Capital Markets with “Buy”. Jefferies maintained it with “Buy” rating and $66.0 target in Wednesday, August 16 report. On Tuesday, July 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 10. The firm has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. RBC Capital Markets maintained International Paper Company (NYSE:IP) rating on Wednesday, July 19. RBC Capital Markets has “Buy” rating and $6500 target. As per Friday, September 22, the company rating was maintained by RBC Capital Markets. See International Paper Company (NYSE:IP) latest ratings:

02/01/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
24/11/2017 Broker: BMO Capital Markets Rating: Buy New Target: $62.0 Maintain
30/10/2017 Broker: Barclays Capital Rating: Underweight Old Target: $50 New Target: $52 Maintain
27/10/2017 Broker: Credit Suisse Rating: Neutral Old Target: $63 New Target: $66 Maintain
24/10/2017 Broker: Stephens Rating: Equal-Weight New Target: $60 Initiates Coverage On
23/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $65.0 Maintain
19/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $62.0 Maintain
22/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $65.0 Maintain
22/09/2017 Broker: Wells Fargo Rating: Buy Maintain
18/09/2017 Broker: Jefferies Rating: Buy New Target: $66.0 Maintain

Granite Construction Incorporated (GVA) formed double top with $65.95 target or 3.00% above today’s $64.03 share price. Granite Construction Incorporated (GVA) has $2.55B valuation. The stock decreased 1.82% or $1.19 during the last trading session, reaching $64.03. About 57,568 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 16.24% since January 5, 2017 and is uptrending. It has underperformed by 0.46% the S&P500.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.15, from 1.4 in 2017Q2. It dropped, as 17 investors sold Granite Construction Incorporated shares while 63 reduced holdings. 25 funds opened positions while 75 raised stakes. 38.81 million shares or 2.12% more from 38.01 million shares in 2017Q2 were reported. 62,045 were reported by Strs Ohio. Mutual Of America Management Limited accumulated 185,295 shares. Natixis holds 7,652 shares or 0% of its portfolio. South Dakota-based Dorsey And Whitney Tru Ltd has invested 0.06% in Granite Construction Incorporated (NYSE:GVA). Bnp Paribas Arbitrage owns 18,817 shares or 0% of their US portfolio. Envestnet Asset Management Inc holds 0% of its portfolio in Granite Construction Incorporated (NYSE:GVA) for 10,202 shares. First Mercantile Trust, Tennessee-based fund reported 9,128 shares. Management Associate New York accumulated 11,000 shares. Point72 Asia (Hong Kong) Limited invested in 1,921 shares. Hanson Mcclain reported 0% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Credit Suisse Ag holds 0.01% or 91,550 shares. Voya Investment Mngmt Limited Liability owns 897,855 shares. Moreover, Rhumbline Advisers has 0.01% invested in Granite Construction Incorporated (NYSE:GVA). Personal Cap Advsr reported 17,277 shares. 142,580 are owned by State Of Wisconsin Invest Board.

Since September 1, 2017, it had 0 buys, and 2 selling transactions for $301,695 activity. On Friday, September 1 Richards James D. sold $222,000 worth of Granite Construction Incorporated (NYSE:GVA) or 4,000 shares. Bjork Claes also sold $79,695 worth of Granite Construction Incorporated (NYSE:GVA) on Wednesday, December 13.

Analysts await Granite Construction Incorporated (NYSE:GVA) to report earnings on February, 16. They expect $0.73 EPS, up 82.50% or $0.33 from last year’s $0.4 per share. GVA’s profit will be $29.10 million for 21.93 P/E if the $0.73 EPS becomes a reality. After $1.14 actual EPS reported by Granite Construction Incorporated for the previous quarter, Wall Street now forecasts -35.96% negative EPS growth.

Among 8 analysts covering Granite Constr (NYSE:GVA), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Granite Constr has $75 highest and $46 lowest target. $62’s average target is -3.17% below currents $64.03 stock price. Granite Constr had 20 analyst reports since November 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Thursday, October 26. The stock of Granite Construction Incorporated (NYSE:GVA) has “Outperform” rating given on Friday, March 31 by Cowen & Co. Canaccord Genuity maintained the shares of GVA in report on Monday, October 30 with “Buy” rating. The rating was maintained by FBR Capital with “Outperform” on Wednesday, May 3. The firm has “Buy” rating given on Thursday, March 23 by Canaccord Genuity. The rating was upgraded by Goldman Sachs to “Buy” on Monday, April 3. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, August 1. The company was maintained on Tuesday, September 19 by Cowen & Co. FBR Capital upgraded the shares of GVA in report on Friday, December 11 to “Outperform” rating. The firm earned “Outperform” rating on Wednesday, December 2 by Cowen & Co.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dived, as 37 investors sold International Paper Company shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. Foster & Motley holds 0.39% of its portfolio in International Paper Company (NYSE:IP) for 40,374 shares. Arrowstreet Limited Partnership has 0.01% invested in International Paper Company (NYSE:IP) for 50,100 shares. Town And Country National Bank & Trust And Co Dba First Bankers Co stated it has 17,029 shares. Gamco Invsts Et Al stated it has 0.01% in International Paper Company (NYSE:IP). Livforsakringsbolaget Skandia Omsesidigt owns 7,476 shares. Raymond James & has 0.06% invested in International Paper Company (NYSE:IP). National Pension Service holds 393,366 shares. Moreover, Hbk Invs L P has 0.03% invested in International Paper Company (NYSE:IP). Bollard Gp Ltd Liability Com owns 0.03% invested in International Paper Company (NYSE:IP) for 10,024 shares. Mayo Advisers Limited Liability has 3.99% invested in International Paper Company (NYSE:IP) for 152,975 shares. State Of New Jersey Common Pension Fund D has invested 0.04% in International Paper Company (NYSE:IP). Burke And Herbert Retail Bank And Trust reported 6,034 shares stake. Spectrum Mgmt Group holds 0.01% of its portfolio in International Paper Company (NYSE:IP) for 400 shares. Aqr Cap Ltd Com stated it has 0.01% in International Paper Company (NYSE:IP). Pinebridge Invs L P invested 0% in International Paper Company (NYSE:IP).

Since August 1, 2017, it had 0 insider buys, and 1 sale for $57,654 activity. WANTA GREGORY T sold $57,654 worth of International Paper Company (NYSE:IP) on Tuesday, August 1.

It closed at $61.58 lastly. It is down 26.95% since January 5, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

International Paper Company operates as a paper and packaging firm in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company has market cap of $25.43 billion. The firm operates through four divisions: Industrial Packaging, Global Cellulose Fibers, Printing Papers, and Consumer Packaging. It has a 28.38 P/E ratio. The Industrial Packaging segment makes containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.