Grand Canyon Education (LOPE) Given New $130.00 Price Target at BMO Capital Markets

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Grand Canyon Education (NASDAQ:LOPE) had its price target hoisted by stock analysts at BMO Capital Markets to $130.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 10.22% from the company’s previous close.

A number of other brokerages have also issued reports on LOPE. Robert W. Baird increased their target price on shares of Grand Canyon Education from $125.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Tuesday, November 13th. BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 16th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barrington Research increased their price target on shares of Grand Canyon Education from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $128.40.

Shares of NASDAQ:LOPE opened at $117.95 on Friday. Grand Canyon Education has a 12-month low of $90.67 and a 12-month high of $130.10. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.14. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.75%. The firm had revenue of $177.54 million for the quarter, compared to analyst estimates of $175.25 million. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue was down 34.6% compared to the same quarter last year. Equities analysts expect that Grand Canyon Education will post 5.1 earnings per share for the current fiscal year.

In other news, CEO Brian E. Mueller sold 30,000 shares of the firm’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $111.39, for a total transaction of $3,341,700.00. Following the completion of the transaction, the chief executive officer now owns 308,339 shares of the company’s stock, valued at $34,345,881.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $110.71, for a total transaction of $221,420.00. Following the transaction, the insider now directly owns 77,402 shares of the company’s stock, valued at approximately $8,569,175.42. The disclosure for this sale can be found here. Insiders have sold 47,000 shares of company stock valued at $5,233,970 in the last ninety days. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LOPE. Bank of New York Mellon Corp raised its stake in Grand Canyon Education by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 550,261 shares of the company’s stock worth $61,415,000 after buying an additional 25,931 shares during the last quarter. Bank of Montreal Can raised its stake in Grand Canyon Education by 3.3% during the third quarter. Bank of Montreal Can now owns 21,171 shares of the company’s stock worth $2,388,000 after buying an additional 669 shares during the last quarter. Aperio Group LLC raised its stake in Grand Canyon Education by 11.4% during the third quarter. Aperio Group LLC now owns 13,810 shares of the company’s stock worth $1,558,000 after buying an additional 1,412 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Grand Canyon Education by 43.8% during the third quarter. Cornerstone Wealth Management LLC now owns 38,658 shares of the company’s stock worth $438,000 after buying an additional 11,781 shares during the last quarter. Finally, Strs Ohio raised its stake in Grand Canyon Education by 13.9% during the third quarter. Strs Ohio now owns 3,942 shares of the company’s stock worth $444,000 after buying an additional 482 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.

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