Grand Canyon Education (NASDAQ:LOPE) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
LOPE has been the subject of a number of other reports. Barrington Research reissued a “buy” rating and issued a $135.00 price target on shares of Grand Canyon Education in a research report on Friday, October 5th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $112.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, July 9th. Zacks Investment Research raised shares of Grand Canyon Education from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 14th. Robert W. Baird upped their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Finally, Piper Jaffray Companies upped their target price on shares of Grand Canyon Education from $117.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, July 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $133.20.
Shares of LOPE opened at $114.81 on Thursday. Grand Canyon Education has a 1-year low of $83.52 and a 1-year high of $123.30. The firm has a market capitalization of $5.44 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.44 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The firm had revenue of $236.82 million during the quarter, compared to analysts’ expectations of $235.13 million. During the same period in the previous year, the company earned $0.83 earnings per share. Grand Canyon Education’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Grand Canyon Education will post 4.89 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in Grand Canyon Education by 13.8% during the first quarter. Stifel Financial Corp now owns 22,811 shares of the company’s stock worth $2,394,000 after purchasing an additional 2,774 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Grand Canyon Education by 9.3% during the first quarter. Lord Abbett & CO. LLC now owns 467,085 shares of the company’s stock worth $49,007,000 after purchasing an additional 39,860 shares in the last quarter. A.R.T. Advisors LLC raised its holdings in Grand Canyon Education by 6.6% during the first quarter. A.R.T. Advisors LLC now owns 27,600 shares of the company’s stock worth $2,895,000 after purchasing an additional 1,700 shares in the last quarter. Ostrum Asset Management purchased a new position in Grand Canyon Education during the first quarter worth about $132,000. Finally, Guggenheim Capital LLC raised its holdings in Grand Canyon Education by 3.9% during the first quarter. Guggenheim Capital LLC now owns 22,736 shares of the company’s stock worth $2,385,000 after purchasing an additional 856 shares in the last quarter. 94.24% of the stock is owned by institutional investors and hedge funds.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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