Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $135.33.
LOPE has been the subject of a number of recent analyst reports. Barrington Research set a $145.00 target price on Grand Canyon Education and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets dropped their price target on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. BidaskClub lowered shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in Grand Canyon Education during the second quarter valued at $35,000. Quest Capital Management Inc. ADV purchased a new position in Grand Canyon Education in the third quarter worth about $45,000. Huntington National Bank boosted its position in Grand Canyon Education by 40.7% in the fourth quarter. Huntington National Bank now owns 505 shares of the company’s stock worth $48,000 after purchasing an additional 146 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Grand Canyon Education during the 1st quarter valued at about $77,000. Finally, Captrust Financial Advisors grew its stake in shares of Grand Canyon Education by 15.6% during the 2nd quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock valued at $96,000 after purchasing an additional 110 shares during the period. 97.50% of the stock is owned by institutional investors.
Shares of Grand Canyon Education stock traded up $1.34 on Friday, reaching $97.51. The company’s stock had a trading volume of 534,336 shares, compared to its average volume of 824,195. Grand Canyon Education has a 52 week low of $76.48 and a 52 week high of $132.72. The firm’s fifty day simple moving average is $93.41 and its two-hundred day simple moving average is $104.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.10 and a beta of 0.66.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Grand Canyon Education had a return on equity of 20.50% and a net margin of 34.73%. The firm had revenue of $193.30 million for the quarter, compared to the consensus estimate of $191.75 million. During the same period in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, research analysts predict that Grand Canyon Education will post 5.49 EPS for the current year.
About Grand Canyon Education
Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
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