Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives Average Recommendation of “Moderate Buy” from Analysts

Grand Canyon Education, Inc. (NASDAQ:LOPE) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $161.6667.

Several equities analysts have weighed in on the company. Barrington Research set a $200.00 target price on Grand Canyon Education in a research note on Friday, July 31st. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, BMO Capital Markets reduced their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th.

Grand Canyon Education Stock Down 0.5%

Grand Canyon Education stock opened at $150.55 on Thursday. The business’s 50-day simple moving average is $147.92 and its 200 day simple moving average is $155.32. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.99 and a beta of 0.58. Grand Canyon Education has a 12-month low of $134.27 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company had revenue of $264.05 million for the quarter, compared to the consensus estimate of $261.87 million. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Grand Canyon Education will post 10.22 EPS for the current year.

Institutional Trading of Grand Canyon Education

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Financial Life Planners bought a new stake in shares of Grand Canyon Education during the first quarter worth $33,000. Leonteq Securities AG increased its position in shares of Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after acquiring an additional 64 shares in the last quarter. Sankala Group LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company’s offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.