Grand Canyon Education, Inc. (NASDAQ:LOPE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $161.6667.

A number of equities research analysts have weighed in on the stock. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. BMO Capital Markets decreased their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. 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. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a research report on Friday.

Grand Canyon Education Trading Down 0.1%

LOPE stock opened at $150.80 on Wednesday. The firm has a 50-day moving average of $147.18 and a two-hundred day moving average of $159.73. Grand Canyon Education has a 12 month low of $134.27 and a 12 month high of $223.04. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 0.98 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.14. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The business had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. During the same period in the previous year, the firm posted $1.53 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Grand Canyon Education will post 10.24 earnings per share for the current year.

Institutional Trading of Grand Canyon Education

A number of institutional investors have recently bought and sold shares of LOPE. Reinhart Partners LLC. raised its position in Grand Canyon Education by 36.9% during the second quarter. Reinhart Partners LLC. now owns 882,927 shares of the company’s stock worth $126,358,000 after acquiring an additional 237,939 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Grand Canyon Education by 15.6% in the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after buying an additional 99,320 shares during the period. AQR Capital Management LLC boosted its position in shares of Grand Canyon Education by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock worth $107,980,000 after acquiring an additional 153,189 shares during the last quarter. Van Berkom & Associates Inc. increased its position in Grand Canyon Education by 17.2% during the fourth quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock worth $102,010,000 after purchasing an additional 90,070 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Grand Canyon Education by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock worth $96,163,000 after buying an additional 26,593 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.