Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $180.00.

Several equities research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Finally, Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Grand Canyon Education in the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its holdings in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Toronto Dominion Bank acquired a new position in Grand Canyon Education during the fourth quarter worth approximately $26,000. Financial Life Planners acquired a new position in Grand Canyon Education during the first quarter worth approximately $33,000. Finally, Leonteq Securities AG raised its stake in Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after buying an additional 64 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $152.65 on Friday. The stock’s 50-day simple moving average is $153.96 and its 200 day simple moving average is $163.21. The company has a market cap of $4.05 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.01 and a beta of 0.57. Grand Canyon Education has a 52-week low of $140.02 and a 52-week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. The firm had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $2.57 earnings per share. As a group, equities analysts predict that Grand Canyon Education will post 10.04 earnings per share for the current fiscal year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher?education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non?traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.