Brokerages Set Grand Canyon Education, Inc. (NASDAQ:LOPE) Price Target at $113.20


Share on StockTwits

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $113.20.

Several equities research analysts have recently commented on LOPE shares. BMO Capital Markets boosted their price target on Grand Canyon Education from $118.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, February 18th. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Thursday, November 12th. Finally, Barrington Research upped their price objective on Grand Canyon Education from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 18th.

Grand Canyon Education stock opened at $107.92 on Thursday. Grand Canyon Education has a 1-year low of $57.89 and a 1-year high of $111.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $5.06 billion, a PE ratio of 20.79, a P/E/G ratio of 0.96 and a beta of 0.58. The stock’s fifty day moving average is $93.53 and its two-hundred day moving average is $88.82.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, February 16th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.09. Grand Canyon Education had a return on equity of 17.20% and a net margin of 30.17%. On average, research analysts expect that Grand Canyon Education will post 5.5 earnings per share for the current fiscal year.

In related news, CFO Daniel E. Bachus sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $83.70, for a total transaction of $837,000.00. Following the completion of the sale, the chief financial officer now directly owns 117,874 shares in the company, valued at $9,866,053.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian E. Mueller sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $83.70, for a total transaction of $1,674,000.00. Following the completion of the transaction, the chief executive officer now directly owns 306,227 shares of the company’s stock, valued at approximately $25,631,199.90. The disclosure for this sale can be found here. Insiders sold 42,211 shares of company stock worth $3,625,145 in the last 90 days. 2.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of LOPE. Parkside Financial Bank & Trust raised its holdings in Grand Canyon Education by 6.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,730 shares of the company’s stock worth $161,000 after acquiring an additional 111 shares during the period. NEXT Financial Group Inc raised its holdings in Grand Canyon Education by 6.5% in the 3rd quarter. NEXT Financial Group Inc now owns 2,791 shares of the company’s stock worth $223,000 after acquiring an additional 170 shares during the period. Chartwell Investment Partners LLC raised its holdings in Grand Canyon Education by 3.1% in the 4th quarter. Chartwell Investment Partners LLC now owns 5,730 shares of the company’s stock worth $534,000 after acquiring an additional 174 shares during the period. US Bancorp DE raised its holdings in Grand Canyon Education by 0.4% in the 3rd quarter. US Bancorp DE now owns 40,231 shares of the company’s stock worth $3,215,000 after acquiring an additional 178 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Grand Canyon Education by 4.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,019 shares of the company’s stock worth $321,000 after acquiring an additional 180 shares during the period. 97.09% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience counseling services.

See Also: Are sell-side analysts objective?

Analyst Recommendations for Grand Canyon Education (NASDAQ:LOPE)

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.