Grand Canyon Education Inc (LOPE) Receives $100.50 Average Target Price from Analysts

Grand Canyon Education Inc (NASDAQ:LOPE) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $100.50.

A number of analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $102.00 target price on shares of Grand Canyon Education in a research report on Monday, December 4th. Robert W. Baird reissued a “buy” rating and set a $100.00 target price on shares of Grand Canyon Education in a research report on Friday, December 1st. BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th.

A number of large investors have recently modified their holdings of the business. Maverick Capital Ltd. grew its position in Grand Canyon Education by 44.8% in the fourth quarter. Maverick Capital Ltd. now owns 83,260 shares of the company’s stock valued at $7,454,000 after acquiring an additional 25,750 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $1,409,000. Eaton Vance Management grew its position in Grand Canyon Education by 2.4% in the fourth quarter. Eaton Vance Management now owns 153,050 shares of the company’s stock valued at $13,703,000 after acquiring an additional 3,560 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in Grand Canyon Education in the fourth quarter valued at approximately $348,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Grand Canyon Education by 60.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 548,497 shares of the company’s stock valued at $49,107,000 after acquiring an additional 206,709 shares in the last quarter. 95.32% of the stock is owned by institutional investors.

Grand Canyon Education (NASDAQ LOPE) traded up $0.13 on Friday, reaching $89.23. 362,500 shares of the company were exchanged, compared to its average volume of 214,887. The firm has a market cap of $4,287.57, a P/E ratio of 23.59, a PEG ratio of 1.66 and a beta of 1.36. Grand Canyon Education has a 12-month low of $56.62 and a 12-month high of $96.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36.

WARNING: This article was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://transcriptdaily.com/2018/02/13/grand-canyon-education-inc-lope-receives-100-50-average-target-price-from-analysts.html.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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.

Leave a Reply