Barrington Research Issues Positive Forecast for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its price objective raised by analysts at Barrington Research from $205.00 to $215.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target indicates a potential upside of 15.62% from the stock’s previous close.

Several other equities research analysts have also weighed in on LOPE. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st.

Grand Canyon Education Stock Down 0.1 %

Shares of LOPE opened at $185.95 on Wednesday. The company has a 50-day moving average price of $173.87 and a two-hundred day moving average price of $168.29. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education has a 12 month low of $130.69 and a 12 month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. During the same quarter last year, the company earned $2.35 EPS. Grand Canyon Education’s revenue was up 5.3% on a year-over-year basis. Equities research analysts expect that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company’s stock valued at $247,870,000 after acquiring an additional 189,843 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Grand Canyon Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock valued at $144,982,000 after purchasing an additional 14,667 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock valued at $81,033,000 after purchasing an additional 39,136 shares in the last quarter. Boston Partners raised its position in Grand Canyon Education by 68.6% in the 4th quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after purchasing an additional 159,827 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock worth $66,828,000 after buying an additional 171,261 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.