Grand Canyon Education’s (LOPE) “Outperform” Rating Reaffirmed at Barrington Research

Grand Canyon Education (NASDAQ:LOPEGet Free Report)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $230.00 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 53.49% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings downgraded Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

View Our Latest Report on Grand Canyon Education

Grand Canyon Education Stock Down 10.7%

Shares of NASDAQ LOPE traded down $17.94 during midday trading on Thursday, reaching $149.85. 554,238 shares of the stock were exchanged, compared to its average volume of 298,698. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.07 and a beta of 0.74. The firm has a 50-day simple moving average of $169.59 and a two-hundred day simple moving average of $184.69. Grand Canyon Education has a twelve month low of $149.37 and a twelve month high of $223.04.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a net margin of 19.38% and a return on equity of 32.41%. The company had revenue of $308.12 million during the quarter, compared to analysts’ expectations of $307.92 million. During the same quarter in the previous year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Institutional Trading of Grand Canyon Education

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Grand Canyon Education by 7.6% during the third quarter. Principal Financial Group Inc. now owns 101,278 shares of the company’s stock worth $22,233,000 after purchasing an additional 7,167 shares during the period. Van Berkom & Associates Inc. lifted its holdings in Grand Canyon Education by 3.0% during the 3rd quarter. Van Berkom & Associates Inc. now owns 523,305 shares of the company’s stock worth $114,876,000 after buying an additional 15,235 shares in the last quarter. Summit Global Investments boosted its position in Grand Canyon Education by 39.6% in the 2nd quarter. Summit Global Investments now owns 12,190 shares of the company’s stock valued at $2,304,000 after buying an additional 3,460 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Grand Canyon Education by 3.3% in the third quarter. Allianz Asset Management GmbH now owns 405,506 shares of the company’s stock worth $89,017,000 after acquiring an additional 12,834 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new stake in shares of Grand Canyon Education during the third quarter worth $2,030,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Key Headlines Impacting Grand Canyon Education

Here are the key news stories impacting Grand Canyon Education this week:

Grand Canyon Education Company Profile

(Get Free Report)

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.

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