Grand Canyon Education (LOPE) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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. “

LOPE has been the topic of several other research reports. ValuEngine lowered Grand Canyon Education from a buy rating to a hold rating in a research report on Monday, October 2nd. Piper Jaffray Companies boosted their target price on Grand Canyon Education from $83.00 to $92.00 and gave the company an overweight rating in a report on Wednesday, October 11th. BMO Capital Markets reissued a buy rating and issued a $97.00 target price on shares of Grand Canyon Education in a report on Wednesday, October 25th. Barrington Research reissued an outperform rating and issued a $103.00 target price (up previously from $98.00) on shares of Grand Canyon Education in a report on Thursday, November 2nd. Finally, Robert W. Baird boosted their target price on Grand Canyon Education from $85.00 to $95.00 and gave the company an outperform rating in a report 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 company. Grand Canyon Education currently has a consensus rating of Buy and a consensus target price of $100.80.

Shares of Grand Canyon Education (LOPE) opened at $88.84 on Wednesday. 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 firm has a market capitalization of $4,280.00, a PE ratio of 23.32, a PEG ratio of 1.66 and a beta of 1.35.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping the 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 return on equity of 21.40% and a net margin of 19.32%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. research analysts forecast that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of LOPE. Alliancebernstein L.P. boosted its stake in shares of Grand Canyon Education by 15.7% in the second 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 in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Grand Canyon Education by 42.0% in the third quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after buying an additional 156,192 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $13,369,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $11,632,000. Finally, BlackRock Inc. boosted its stake in shares of Grand Canyon Education by 4.4% in the second 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 in the last quarter. Hedge funds and other institutional investors own 96.16% 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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