Grand Canyon Education (NASDAQ:LOPE) Stock Rating Upgraded by Wall Street Zen

Grand Canyon Education (NASDAQ:LOPE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research analysts also recently weighed in on LOPE. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Barrington Research restated an “outperform” rating and set a $215.00 price objective on shares of Grand Canyon Education in a research report on Thursday.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $198.23 on Friday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. Grand Canyon Education has a one year low of $130.69 and a one year high of $202.28. The business has a fifty day moving average price of $180.76 and a 200-day moving average price of $179.94.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. Grand Canyon Education’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, equities research analysts expect that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LOPE. Wealth Enhancement Advisory Services LLC increased its position in shares of Grand Canyon Education by 2.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company’s stock worth $552,000 after acquiring an additional 59 shares during the period. Pallas Capital Advisors LLC increased its position in shares of Grand Canyon Education by 5.0% during the first quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock worth $234,000 after acquiring an additional 65 shares during the period. Cetera Investment Advisers increased its position in shares of Grand Canyon Education by 0.4% during the second quarter. Cetera Investment Advisers now owns 16,281 shares of the company’s stock worth $3,077,000 after acquiring an additional 65 shares during the period. Diversified Trust Co increased its position in shares of Grand Canyon Education by 5.4% during the first quarter. Diversified Trust Co now owns 1,293 shares of the company’s stock worth $224,000 after acquiring an additional 66 shares during the period. Finally, Synovus Financial Corp increased its position in shares of Grand Canyon Education by 2.8% during the first quarter. Synovus Financial Corp now owns 2,476 shares of the company’s stock worth $428,000 after acquiring an additional 68 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.