Grand Canyon Education Inc (LOPE) Receives Consensus Rating of “Buy” from Analysts

Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $109.75.

Several research analysts have recently weighed in on LOPE shares. Zacks Investment Research lowered shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barrington Research restated a “buy” rating and set a $115.00 price objective on shares of Grand Canyon Education in a research note on Monday, April 16th. BidaskClub upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Robert W. Baird restated an “outperform” rating and set a $105.00 price objective (up from $100.00) on shares of Grand Canyon Education in a research note on Thursday, February 22nd.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Ostrum Asset Management acquired a new position in Grand Canyon Education in the 1st quarter valued at about $132,000. Wedbush Securities Inc. acquired a new position in Grand Canyon Education in the 1st quarter valued at about $201,000. O Shaughnessy Asset Management LLC acquired a new position in Grand Canyon Education in the 1st quarter valued at about $201,000. Koch Industries Inc. acquired a new position in Grand Canyon Education in the 4th quarter valued at about $224,000. Finally, Jane Street Group LLC acquired a new position in Grand Canyon Education in the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

NASDAQ:LOPE traded up $0.03 on Monday, hitting $110.08. 171,082 shares of the company’s stock were exchanged, compared to its average volume of 277,658. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.66 and a quick ratio of 1.66. Grand Canyon Education has a 52 week low of $71.00 and a 52 week high of $111.41. The stock has a market capitalization of $5.31 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The firm had revenue of $275.68 million for the quarter, compared to analysts’ expectations of $274.13 million. Grand Canyon Education had a net margin of 22.07% and a return on equity of 22.00%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. analysts anticipate that Grand Canyon Education will post 4.83 earnings per share for the current fiscal year.

About Grand Canyon Education

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.