Analysts Set Grand Canyon Education, Inc. (NASDAQ:LOPE) PT at $208.67

Grand Canyon Education, Inc. (NASDAQ:LOPE) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $208.6667.

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research cut shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. Finally, Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, October 21st.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $184.86 on Friday. Grand Canyon Education has a 1 year low of $136.64 and a 1 year high of $223.04. The stock has a market capitalization of $5.19 billion, a PE ratio of 22.38, a P/E/G ratio of 1.50 and a beta of 0.76. The company’s 50 day simple moving average is $208.93 and its two-hundred day simple moving average is $193.97.

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

Institutional Trading of Grand Canyon Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $32,000. SVB Wealth LLC purchased a new stake in shares of Grand Canyon Education during the 1st quarter valued at $26,000. True Wealth Design LLC raised its position in shares of Grand Canyon Education by 46.0% during the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after buying an additional 64 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grand Canyon Education during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

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.