Grand Canyon Education (NASDAQ:LOPE) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, March 13th.
A number of other research analysts also recently issued reports on LOPE. Barrington Research restated a “buy” rating and set a $115.00 price target on shares of Grand Canyon Education in a research note on Tuesday, March 6th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research report on Tuesday, February 27th. Robert W. Baird reissued an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Grand Canyon Education in a report on Thursday, February 22nd. Piper Jaffray Companies raised their price target on Grand Canyon Education to $114.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Grand Canyon Education presently has an average rating of “Buy” and a consensus price target of $109.60.
Grand Canyon Education stock opened at $103.53 on Tuesday. Grand Canyon Education has a 12 month low of $67.75 and a 12 month high of $109.82. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5,144.58, a PE ratio of 26.97, a P/E/G ratio of 1.56 and a beta of 1.26.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. Grand Canyon Education had a return on equity of 21.20% and a net margin of 20.87%. The company had revenue of $271.42 million for the quarter, compared to analyst estimates of $268.42 million. During the same quarter last year, the company earned $1.01 EPS. Grand Canyon Education’s revenue for the quarter was up 10.9% compared to the same quarter last year. analysts forecast that Grand Canyon Education will post 4.7 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Comerica Bank purchased a new stake in Grand Canyon Education during the third quarter valued at about $1,844,000. 361 Capital LLC acquired a new position in shares of Grand Canyon Education during the third quarter worth about $2,447,000. Neuberger Berman Group LLC lifted its stake in shares of Grand Canyon Education by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 13,001 shares of the company’s stock worth $1,181,000 after purchasing an additional 2,109 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Grand Canyon Education by 23.4% during the third quarter. Legal & General Group Plc now owns 20,782 shares of the company’s stock worth $1,881,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Grand Canyon Education by 3.0% during the fourth quarter. Swiss National Bank now owns 77,900 shares of the company’s stock worth $6,974,000 after purchasing an additional 2,300 shares in the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.
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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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