Grand Canyon Education (LOPE) Price Target Increased to $141.00 by Analysts at Robert W. Baird

Grand Canyon Education (NASDAQ:LOPE) had its target price lifted by Robert W. Baird from $125.00 to $141.00 in a research note released on Friday, The Fly reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. Barrington Research reaffirmed a buy rating and set a $135.00 price target on shares of Grand Canyon Education in a research report on Friday, October 5th. BidaskClub raised shares of Grand Canyon Education from a hold rating to a buy rating in a research report on Thursday, October 11th. Finally, Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $134.00 price target for the company in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $139.40.

Grand Canyon Education stock traded down $0.88 during trading on Friday, reaching $128.47. 1,719,215 shares of the company’s stock were exchanged, compared to its average volume of 327,066. The company has a current ratio of 5.73, a quick ratio of 5.73 and a debt-to-equity ratio of 0.05. Grand Canyon Education has a 52-week low of $85.14 and a 52-week high of $130.10. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, November 8th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The firm had revenue of $155.45 million during the quarter, compared to analysts’ expectations of $153.31 million. During the same period in the prior year, the company earned $0.81 EPS. The firm’s revenue was down 34.2% on a year-over-year basis. Analysts forecast that Grand Canyon Education will post 4.89 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in LOPE. FIL Ltd boosted its position in Grand Canyon Education by 2.0% in the 3rd quarter. FIL Ltd now owns 1,929,082 shares of the company’s stock valued at $217,600,000 after buying an additional 38,139 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Grand Canyon Education by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,215,290 shares of the company’s stock valued at $137,085,000 after buying an additional 26,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in Grand Canyon Education by 70.6% in the 3rd quarter. Victory Capital Management Inc. now owns 836,261 shares of the company’s stock valued at $94,330,000 after buying an additional 346,017 shares during the last quarter. Wells Fargo & Company MN boosted its position in Grand Canyon Education by 66.3% in the 3rd quarter. Wells Fargo & Company MN now owns 779,083 shares of the company’s stock valued at $87,880,000 after buying an additional 310,475 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in Grand Canyon Education by 12.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 748,067 shares of the company’s stock valued at $84,382,000 after buying an additional 80,895 shares during the last quarter. 93.94% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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