Grand Canyon Education (NASDAQ:LOPE) Price Target Cut to $180.00 by Analysts at Truist Financial

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) had its target price reduced by research analysts at Truist Financial from $200.00 to $180.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial‘s price target would suggest a potential upside of 30.94% from the company’s current price.

A number of other research firms have also weighed in on LOPE. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Barrington Research set a $200.00 price objective on Grand Canyon Education in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Grand Canyon Education in a report on Tuesday, September 22nd. Finally, BMO Capital Markets cut their target price on Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.33.

Read Our Latest Stock Analysis on Grand Canyon Education

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded down $13.20 during trading on Thursday, reaching $137.47. 123,284 shares of the stock were exchanged, compared to its average volume of 306,360. Grand Canyon Education has a 1-year low of $134.27 and a 1-year high of $182.15. The stock has a fifty day moving average of $153.92 and a two-hundred day moving average of $157.18. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.97 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%. The company had revenue of $267.35 million for the quarter, compared to analysts’ expectations of $270.11 million. During the same period last year, the business earned $1.78 EPS. Grand Canyon Education’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Grand Canyon Education will post 10.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LOPE. Van Berkom & Associates Inc. raised its position in Grand Canyon Education by 2.5% during the 3rd quarter. Van Berkom & Associates Inc. now owns 558,645 shares of the company’s stock valued at $84,685,000 after purchasing an additional 13,782 shares during the last quarter. Simplex Trading LLC lifted its holdings in Grand Canyon Education by 171.7% in the 3rd quarter. Simplex Trading LLC now owns 941 shares of the company’s stock worth $143,000 after buying an additional 2,254 shares during the period. AlphaCore Capital LLC grew its position in shares of Grand Canyon Education by 48.1% in the 3rd quarter. AlphaCore Capital LLC now owns 2,265 shares of the company’s stock worth $343,000 after buying an additional 736 shares during the last quarter. Clear Wave Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth approximately $208,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth approximately $55,000. Institutional investors own 94.17% of the company’s stock.

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About Grand Canyon Education

(Get Free Report)

Grand Canyon Education, Inc (NASDAQ: LOPE) is an education services company that provides technology, operational and support services to colleges and universities. Rather than operating primarily as a traditional university, the company partners with higher education institutions to help them deliver online, hybrid and campus-based academic programs.

Its services include learning technology, digital course development, data analytics, marketing, student enrollment and support, financial aid assistance, faculty support, and other administrative functions.

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