Grand Canyon Education (NASDAQ:LOPE) had its target price lifted by Robert W. Baird from $125.00 to $141.00 in a research report released on Friday morning, The Fly reports. They currently have an outperform rating on the stock.
Several other research analysts also recently weighed in on the company. Barrington Research reiterated a buy rating and issued a $135.00 price target on shares of Grand Canyon Education in a report on Friday, August 10th. BMO Capital Markets boosted their price target on Grand Canyon Education from $123.00 to $130.00 and gave the company an outperform rating in a report on Thursday, August 9th. BidaskClub downgraded Grand Canyon Education from a strong-buy rating to a buy rating in a report on Thursday, August 30th. Finally, Zacks Investment Research upgraded Grand Canyon Education from a hold rating to a buy rating and set a $134.00 price target for the company in a report on Thursday, September 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $139.40.
Shares of Grand Canyon Education stock traded down $0.88 during trading on Friday, hitting $128.47. 1,719,215 shares of the company were exchanged, compared to its average volume of 327,066. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. Grand Canyon Education has a fifty-two week low of $85.14 and a fifty-two week high of $130.10. The company has a market capitalization of $6.25 billion, a P/E ratio of 32.44, a P/E/G ratio of 1.66 and a beta of 0.79.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The firm had revenue of $155.45 million during the quarter, compared to the consensus estimate of $153.31 million. During the same period in the previous year, the firm posted $0.81 EPS. The company’s quarterly revenue was down 34.2% compared to the same quarter last year. As a group, research analysts expect that Grand Canyon Education will post 4.89 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Waddell & Reed Financial Inc. acquired a new position in Grand Canyon Education in the 2nd quarter valued at $51,907,000. Handelsbanken Fonder AB raised its holdings in Grand Canyon Education by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,215,290 shares of the company’s stock valued at $137,085,000 after acquiring an additional 26,000 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Grand Canyon Education in the 2nd quarter valued at $2,345,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Grand Canyon Education during the 2nd quarter worth $335,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Grand Canyon Education during the 2nd quarter worth $639,000. Institutional investors own 93.94% 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.
Featured Article: How to invest in a bear market
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.