Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives $180.00 Consensus PT from Brokerages

Grand Canyon Education, Inc. (NASDAQ:LOPE) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $171.6667.

LOPE has been the topic of a number of recent analyst reports. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research report on Tuesday, June 9th. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, April 16th. BMO Capital Markets cut their price target on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th.

Grand Canyon Education Price Performance

Grand Canyon Education stock traded up $0.39 during trading hours on Friday, reaching $151.00. The stock had a trading volume of 185,741 shares, compared to its average volume of 377,727. The company has a fifty day simple moving average of $152.51 and a 200-day simple moving average of $162.76. Grand Canyon Education has a 52 week low of $140.02 and a 52 week high of $223.04. The stock has a market cap of $4.00 billion, a PE ratio of 18.88, a PEG ratio of 1.00 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The company had revenue of $308.76 million during the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. Grand Canyon Education’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. Research analysts predict that Grand Canyon Education will post 10.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

A number of institutional investors have recently bought and sold shares of LOPE. Geneos Wealth Management Inc. grew its holdings in shares of Grand Canyon Education by 5.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock worth $204,000 after acquiring an additional 60 shares during the period. Leonteq Securities AG lifted its stake in shares of Grand Canyon Education by 48.9% in the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares during the period. Larson Financial Group LLC boosted its position in shares of Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Grand Canyon Education by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after purchasing an additional 65 shares in the last quarter. Finally, Twin Capital Management Inc. grew its stake in Grand Canyon Education by 1.5% in the first quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock worth $788,000 after purchasing an additional 67 shares during the period. 94.17% of the stock is owned by institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.