Zacks Investment Research downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a report published on Wednesday, January 3rd.
According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
Several other equities research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed a buy rating and set a $97.00 price target on shares of Grand Canyon Education in a report on Wednesday, October 25th. Robert W. Baird increased their price target on Grand Canyon Education from $85.00 to $95.00 and gave the stock an outperform rating in a report on Thursday, November 2nd. Barrington Research reaffirmed an outperform rating and set a $103.00 price target (up from $98.00) on shares of Grand Canyon Education in a report on Thursday, November 2nd. BidaskClub downgraded Grand Canyon Education from a buy rating to a hold rating in a report on Tuesday, December 5th. Finally, ValuEngine raised Grand Canyon Education from a hold rating to a buy rating in a report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $100.80.
Shares of Grand Canyon Education (NASDAQ LOPE) traded up $0.68 during trading on Wednesday, reaching $92.58. 175,500 shares of the company’s stock traded hands, compared to its average volume of 203,750. The stock has a market capitalization of $4,470.00, a price-to-earnings ratio of 24.30, a P/E/G ratio of 1.66 and a beta of 1.35. Grand Canyon Education has a one year low of $56.52 and a one year high of $96.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The company had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. sell-side analysts predict that Grand Canyon Education will post 3.9 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in LOPE. Schwab Charles Investment Management Inc. lifted its holdings in Grand Canyon Education by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock valued at $18,989,000 after acquiring an additional 7,876 shares during the period. SG Americas Securities LLC raised its stake in shares of Grand Canyon Education by 375.6% during the 2nd quarter. SG Americas Securities LLC now owns 6,972 shares of the company’s stock worth $547,000 after buying an additional 5,506 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Grand Canyon Education by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 561,009 shares of the company’s stock worth $43,988,000 after buying an additional 18,691 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Grand Canyon Education by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 16,845 shares of the company’s stock worth $1,321,000 after buying an additional 949 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Grand Canyon Education by 599.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,984 shares of the company’s stock worth $548,000 after buying an additional 5,986 shares during the last quarter. 96.16% of the stock is owned by institutional investors.
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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.
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