Grand Canyon Education (LOPE) Given Buy Rating at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their buy rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report sent to investors on Monday. They currently have a $102.00 price target on the stock.

LOPE has been the subject of several other reports. Zacks Investment Research cut shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Monday, October 2nd. BMO Capital Markets restated a buy rating and set a $97.00 price objective on shares of Grand Canyon Education in a research note on Wednesday, October 25th. Barrington Research restated an outperform rating and set a $103.00 price objective (up from $98.00) on shares of Grand Canyon Education in a research note on Thursday, November 2nd. Finally, Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $85.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Grand Canyon Education presently has a consensus rating of Buy and a consensus price target of $100.40.

Grand Canyon Education (LOPE) traded down $0.83 during trading hours on Monday, reaching $92.25. 180,100 shares of the company’s stock traded hands, compared to its average volume of 288,078. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36. Grand Canyon Education has a 12 month low of $56.52 and a 12 month high of $96.15. The stock has a market cap of $4,440.00, a P/E ratio of 24.69, a PEG ratio of 1.84 and a beta of 1.35.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The business had revenue of $236.21 million during the quarter, compared to analysts’ expectations of $231.43 million. During the same period in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts anticipate that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of LOPE. Alps Advisors Inc. lifted its holdings in shares of Grand Canyon Education by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock worth $558,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas raised its position in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock valued at $284,000 after purchasing an additional 48 shares in the last quarter. Granite Investment Partners LLC raised its position in shares of Grand Canyon Education by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock valued at $1,697,000 after purchasing an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares in the last quarter. Finally, Wrapmanager Inc. raised its position in shares of Grand Canyon Education by 3.3% in the 2nd quarter. Wrapmanager Inc. now owns 4,650 shares of the company’s stock valued at $365,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

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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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