Grand Canyon Education (NASDAQ:LOPE) Hits New 1-Year Low on Analyst Downgrade

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Free Report) hit a new 52-week low on Thursday after Truist Financial lowered their price target on the stock from $200.00 to $180.00. Truist Financial currently has a buy rating on the stock. Grand Canyon Education traded as low as $132.11 and last traded at $130.4470, with a volume of 207,031 shares traded. The stock had previously closed at $150.67.

A number of other equities analysts have also recently commented on LOPE. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. BMO Capital Markets decreased their price target on shares of Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of Grand Canyon Education in a research note on Tuesday, September 22nd. Finally, Barrington Research set a $200.00 price objective on Grand Canyon Education in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and an average target price of $187.33.

View Our Latest Research Report on LOPE

More Grand Canyon Education News

Here are the key news stories impacting Grand Canyon Education this week:

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Leonteq Securities AG boosted its holdings in Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in Grand Canyon Education during the third quarter worth approximately $55,000. Rockefeller Capital Management L.P. raised its holdings in Grand Canyon Education by 343.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 479 shares of the company’s stock worth $80,000 after purchasing an additional 371 shares in the last quarter. Legacies Wealth LLC acquired a new stake in Grand Canyon Education during the third quarter worth approximately $73,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Grand Canyon Education during the 2nd quarter worth approximately $82,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

The firm’s 50-day moving average price is $153.92 and its two-hundred day moving average price is $157.18. The firm has a market cap of $3.35 billion, a PE ratio of 15.75, a P/E/G ratio of 0.97 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The firm had revenue of $267.35 million for the quarter, compared to the consensus estimate of $270.11 million. During the same period last year, the firm posted $1.78 EPS. The company’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

About Grand Canyon Education

(Get Free Report)

Grand Canyon Education, Inc (NASDAQ: LOPE) is an education services company that provides technology, operational and support services to colleges and universities. Rather than operating primarily as a traditional university, the company partners with higher education institutions to help them deliver online, hybrid and campus-based academic programs.

Its services include learning technology, digital course development, data analytics, marketing, student enrollment and support, financial aid assistance, faculty support, and other administrative functions.

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