Grand Canyon Education (LOPE) Raised to Buy at BidaskClub

Grand Canyon Education (NASDAQ:LOPE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts also recently commented on LOPE. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Barrington Research reissued a “buy” rating on shares of Grand Canyon Education in a research report on Tuesday, May 15th. Piper Jaffray Companies raised their target price on shares of Grand Canyon Education to $114.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Robert W. Baird reissued an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a research report on Thursday, February 22nd. Finally, ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a buy rating, Grand Canyon Education has a consensus rating of “Buy” and a consensus target price of $110.60.

Grand Canyon Education opened at $111.00 on Tuesday, MarketBeat reports. The stock has a market capitalization of $5.31 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.57 and a beta of 1.20. Grand Canyon Education has a 12 month low of $71.00 and a 12 month high of $111.41. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.06.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.13. The company had revenue of $275.68 million for the quarter, compared to the consensus estimate of $274.13 million. Grand Canyon Education had a net margin of 22.07% and a return on equity of 22.00%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. equities research analysts expect that Grand Canyon Education will post 4.83 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in shares of Grand Canyon Education by 3.0% in the 4th quarter. Swiss National Bank now owns 77,900 shares of the company’s stock valued at $6,974,000 after buying an additional 2,300 shares in the last quarter. Suntrust Banks Inc. bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $348,000. Teacher Retirement System of Texas boosted its holdings in shares of Grand Canyon Education by 151.0% in the 4th quarter. Teacher Retirement System of Texas now owns 15,620 shares of the company’s stock valued at $1,398,000 after buying an additional 9,396 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Grand Canyon Education by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 537,337 shares of the company’s stock valued at $48,108,000 after buying an additional 20,430 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $224,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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