Brokerages Set Grand Canyon Education, Inc. (NASDAQ:LOPE) Price Target at $213.33

Grand Canyon Education, Inc. (NASDAQ:LOPE) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $180.00.

Several research firms have recently issued reports on LOPE. Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th.

Institutional Trading of Grand Canyon Education

Several institutional investors have recently made changes to their positions in LOPE. State of Alaska Department of Revenue lifted its position in shares of Grand Canyon Education by 252.6% during the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after purchasing an additional 11,538 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in shares of Grand Canyon Education during the third quarter worth approximately $2,030,000. American Century Companies Inc. lifted its position in shares of Grand Canyon Education by 180.2% during the third quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock worth $38,628,000 after purchasing an additional 113,176 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $1,338,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Grand Canyon Education during the third quarter worth approximately $3,315,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of LOPE opened at $143.07 on Tuesday. The company has a market capitalization of $3.79 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. Grand Canyon Education has a one year low of $141.55 and a one year high of $223.04. The company’s fifty day moving average price is $161.31 and its 200 day moving average price is $164.34.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company had revenue of $308.76 million for the quarter, compared to the consensus estimate of $307.75 million. During the same quarter in the previous year, the firm posted $2.57 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts anticipate that Grand Canyon Education will post 10.04 earnings per share for the current year.

About Grand Canyon Education

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.