Grand Canyon Education (NASDAQ:LOPE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $102.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.45% from the company’s current price.
According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
Several other equities research analysts have also weighed in on LOPE. BidaskClub lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $102.00 target price on shares of Grand Canyon Education in a report on Monday, December 4th. Robert W. Baird reissued a “buy” rating and issued a $100.00 target price on shares of Grand Canyon Education in a report on Friday, December 1st. ValuEngine downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $100.80.
Grand Canyon Education (LOPE) opened at $89.12 on Friday. Grand Canyon Education has a 12 month low of $56.52 and a 12 month high of $96.15. The stock has a market capitalization of $4,360.00, a PE ratio of 23.98, a P/E/G ratio of 1.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The company had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. equities analysts anticipate that Grand Canyon Education will post 3.9 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Aperio Group LLC increased its position in shares of Grand Canyon Education by 4.9% in the 2nd quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock valued at $758,000 after buying an additional 454 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Grand Canyon Education in the 2nd quarter valued at $298,000. Schwab Charles Investment Management Inc. increased its position in shares of Grand Canyon Education by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock valued at $18,989,000 after buying an additional 7,876 shares in the last quarter. First Trust Advisors LP increased its position in shares of Grand Canyon Education by 13.2% in the 2nd quarter. First Trust Advisors LP now owns 47,610 shares of the company’s stock valued at $3,733,000 after buying an additional 5,544 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock valued at $284,000 after buying an additional 48 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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