Grand Canyon Education, Inc. (LOPE) Given New $92.00 Price Target at Piper Jaffray Companies

Grand Canyon Education, Inc. (NASDAQ:LOPE) had its price target boosted by stock analysts at Piper Jaffray Companies from $83.00 to $92.00 in a report released on Wednesday. The firm currently has an “overweight” rating on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 3.79% from the stock’s current price.

LOPE has been the topic of a number of other research reports. ValuEngine downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Grand Canyon Education in a report on Monday, September 18th. BidaskClub upgraded shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Barrington Research restated an “outperform” rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.00.

Shares of Grand Canyon Education (LOPE) traded up 0.05% on Wednesday, reaching $88.68. The company’s stock had a trading volume of 27,991 shares. The stock has a 50-day moving average of $84.23 and a 200 day moving average of $78.64. Grand Canyon Education has a 1-year low of $40.02 and a 1-year high of $93.08. The stock has a market capitalization of $4.27 billion, a PE ratio of 24.50 and a beta of 1.39.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. The business had revenue of $218.30 million for the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts forecast that Grand Canyon Education will post $3.83 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Grand Canyon Education, Inc. (LOPE) Given New $92.00 Price Target at Piper Jaffray Companies” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/grand-canyon-education-inc-lope-given-new-92-00-price-target-at-piper-jaffray-companies.html.

In related news, COO William Stan Meyer sold 1,315 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the transaction, the chief operating officer now directly owns 99,774 shares in the company, valued at approximately $8,016,840.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the transaction, the insider now owns 88,798 shares in the company, valued at $7,118,935.66. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Grand Canyon Education by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock valued at $300,462,000 after buying an additional 56,722 shares during the last quarter. BlackRock Inc. grew its stake in Grand Canyon Education by 4.4% in the 2nd quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock valued at $230,620,000 after buying an additional 123,665 shares during the last quarter. William Blair Investment Management LLC grew its stake in Grand Canyon Education by 27.7% in the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after buying an additional 445,546 shares during the last quarter. Alliancebernstein L.P. grew its stake in Grand Canyon Education by 15.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1

LOPE has been the topic of a number of other research reports. ValuEngine downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Grand Canyon Education in a report on Monday, September 18th. BidaskClub upgraded shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Barrington Research restated an “outperform” rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.00.

Shares of Grand Canyon Education (LOPE) traded up 0.05% on Wednesday, reaching $88.68. The company’s stock had a trading volume of 27,991 shares. The stock has a 50-day moving average of $84.23 and a 200 day moving average of $78.64. Grand Canyon Education has a 1-year low of $40.02 and a 1-year high of $93.08. The stock has a market capitalization of $4.27 billion, a PE ratio of 24.50 and a beta of 1.39.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. The business had revenue of $218.30 million for the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts forecast that Grand Canyon Education will post $3.83 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Grand Canyon Education, Inc. (LOPE) Given New $92.00 Price Target at Piper Jaffray Companies” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/grand-canyon-education-inc-lope-given-new-92-00-price-target-at-piper-jaffray-companies.html.

In related news, COO William Stan Meyer sold 1,315 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the transaction, the chief operating officer now directly owns 99,774 shares in the company, valued at approximately $8,016,840.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the transaction, the insider now owns 88,798 shares in the company, valued at $7,118,935.66. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Grand Canyon Education by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock valued at $300,462,000 after buying an additional 56,722 shares during the last quarter. BlackRock Inc. grew its stake in Grand Canyon Education by 4.4% in the 2nd quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock valued at $230,620,000 after buying an additional 123,665 shares during the last quarter. William Blair Investment Management LLC grew its stake in Grand Canyon Education by 27.7% in the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after buying an additional 445,546 shares during the last quarter. Alliancebernstein L.P. grew its stake in Grand Canyon Education by 15.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after buying an additional 245,284 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Grand Canyon Education by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,297,810 shares of the company’s stock valued at $92,936,000 after buying an additional 78,353 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

About Grand Canyon Education

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply