Grand Canyon Education, Inc. (NASDAQ:LOPE) had its price objective lifted by equities research analysts at Robert W. Baird from $85.00 to $95.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 7.30% from the company’s current price.
LOPE has been the topic of several other reports. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Piper Jaffray Companies upped their price target on shares of Grand Canyon Education from $83.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Grand Canyon Education in a report on Monday, September 18th. Finally, BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Grand Canyon Education presently has an average rating of “Buy” and an average target price of $97.40.
Grand Canyon Education (NASDAQ LOPE) traded down $0.30 on Thursday, reaching $88.54. 372,863 shares of the company traded hands, compared to its average volume of 283,909. The firm has a market capitalization of $4,260.63, a PE ratio of 23.49, a PEG ratio of 1.75 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.07. Grand Canyon Education has a 1 year low of $47.06 and a 1 year high of $95.51.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.05. The firm had revenue of $236.21 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company 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.
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In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 5,000 shares of the 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 sale, the insider now directly owns 88,798 shares of the company’s stock, valued at $7,118,935.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William Stan Meyer sold 1,315 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $80.35, for a total transaction of $105,660.25. Following the sale, the chief operating officer now directly owns 99,774 shares in the company, valued at $8,016,840.90. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in shares of Grand Canyon Education by 586.1% during the second quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $112,000 after purchasing an additional 1,225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Grand Canyon Education by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after purchasing an additional 139 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Grand Canyon Education during the third quarter worth $225,000. Parametrica Management Ltd acquired a new stake in shares of Grand Canyon Education during the third quarter worth $227,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Grand Canyon Education during the second quarter worth $227,000. 96.78% of the stock is currently owned by institutional investors.
Grand Canyon Education Company Profile
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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