Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives $208.67 Average Target Price from Analysts

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $208.6667.

A number of analysts recently weighed in on LOPE shares. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Tuesday, September 23rd. BMO Capital Markets lowered their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Zacks Research lowered shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Grand Canyon Education in a report on Tuesday.

Institutional Trading of Grand Canyon Education

A number of institutional investors have recently bought and sold shares of LOPE. SVB Wealth LLC acquired a new stake in Grand Canyon Education during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at $35,000. WPG Advisers LLC acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock valued at $45,000 after buying an additional 96 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Grand Canyon Education by 2,172.7% in the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock valued at $47,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 2.7%

NASDAQ LOPE opened at $213.24 on Wednesday. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.53 and a beta of 0.76. The company has a 50 day moving average of $206.00 and a 200-day moving average of $190.02. Grand Canyon Education has a 1-year low of $130.69 and a 1-year high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. On average, analysts forecast that Grand Canyon Education will post 8.81 earnings per share for the current year.

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.