Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $107.67.
A number of research firms have weighed in on LOPE. BidaskClub downgraded Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Zacks Investment Research upgraded Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, May 20th. Barrington Research reiterated a “buy” rating and set a $110.00 target price on shares of Grand Canyon Education in a report on Friday, May 8th. Finally, Sidoti began coverage on Grand Canyon Education in a report on Thursday, June 11th. They set a “neutral” rating on the stock.
Several institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its stake in shares of Grand Canyon Education by 15.6% in the 4th quarter. Capital World Investors now owns 4,711,399 shares of the company’s stock worth $451,305,000 after buying an additional 634,947 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Grand Canyon Education by 42.8% during the 1st quarter. William Blair Investment Management LLC now owns 4,093,884 shares of the company’s stock valued at $312,302,000 after buying an additional 1,226,697 shares during the period. Riverbridge Partners LLC lifted its holdings in shares of Grand Canyon Education by 2.0% during the 2nd quarter. Riverbridge Partners LLC now owns 1,759,186 shares of the company’s stock valued at $159,259,000 after buying an additional 33,691 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 23.6% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,585,068 shares of the company’s stock valued at $120,925,000 after buying an additional 302,612 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Grand Canyon Education by 3.4% during the 1st quarter. Handelsbanken Fonder AB now owns 1,261,401 shares of the company’s stock valued at $96,226,000 after buying an additional 41,000 shares during the period. Institutional investors own 97.00% of the company’s stock.
LOPE traded down $0.51 during midday trading on Friday, reaching $86.96. 866 shares of the company’s stock traded hands, compared to its average volume of 352,714. The firm has a fifty day moving average of $95.31 and a two-hundred day moving average of $86.87. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.10 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.87. Grand Canyon Education has a 52 week low of $57.89 and a 52 week high of $132.72.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.03. Grand Canyon Education had a return on equity of 18.85% and a net margin of 32.04%. The business had revenue of $221.70 million during the quarter, compared to analyst estimates of $220.44 million. During the same quarter in the prior year, the company posted $1.62 EPS. Grand Canyon Education’s quarterly revenue was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that Grand Canyon Education will post 5.34 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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