Analysts Set Grand Canyon Education, Inc. (LOPE) PT at $92.67
Grand Canyon Education, Inc. (NASDAQ:LOPE) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $97.40.
LOPE has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a research report on Monday, September 18th. BidaskClub upgraded Grand Canyon Education from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $89.00 target price (up from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Robert W. Baird boosted their target price on Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday.
In other news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $80.17, for a total transaction of $400,850.00. Following the transaction, the insider now owns 88,798 shares of the company’s stock, valued at $7,118,935.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the transaction, the chief operating officer now directly owns 99,774 shares in the company, valued at approximately $8,016,840.90. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Cim LLC bought a new position in Grand Canyon Education in the third quarter worth approximately $492,000. Prudential Financial Inc. grew its stake in Grand Canyon Education by 28.1% in the third quarter. Prudential Financial Inc. now owns 265,574 shares of the company’s stock worth $24,119,000 after purchasing an additional 58,321 shares in the last quarter. American Century Companies Inc. bought a new position in Grand Canyon Education in the third quarter worth approximately $13,369,000. Chicago Equity Partners LLC boosted its position in Grand Canyon Education by 48.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 44,790 shares of the company’s stock valued at $4,068,000 after acquiring an additional 14,635 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in Grand Canyon Education during the 3rd quarter valued at $294,000. 96.78% of the stock is currently owned by institutional investors.
Grand Canyon Education (NASDAQ LOPE) traded down $0.30 during midday trading on Thursday, hitting $88.54. The stock had a trading volume of 338,925 shares, compared to its average volume of 283,909. The company has a market capitalization of $4,260.63, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.36. Grand Canyon Education has a 1 year low of $47.06 and a 1 year high of $95.51.
Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. sell-side analysts forecast that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.
Grand Canyon Education Company Profile
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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