Grand Canyon Education (NASDAQ:LOPE) Receives Outperform Rating from Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $205.00 target price on the stock. Barrington Research’s price objective suggests a potential upside of 14.74% from the stock’s previous close.

A number of other analysts have also commented on the stock. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education Trading Up 0.5 %

Shares of NASDAQ LOPE opened at $178.67 on Tuesday. The company has a fifty day moving average price of $175.09 and a 200 day moving average price of $164.06. Grand Canyon Education has a 1-year low of $126.17 and a 1-year high of $192.18. The firm has a market cap of $5.13 billion, a PE ratio of 23.08, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities research analysts forecast that Grand Canyon Education will post 8.81 EPS for the current year.

Hedge Funds Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after buying an additional 63 shares during the period. Pallas Capital Advisors LLC raised its stake in Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock valued at $234,000 after acquiring an additional 65 shares during the period. DGS Capital Management LLC lifted its holdings in Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after purchasing an additional 67 shares during the last quarter. Barclays PLC boosted its position in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after purchasing an additional 84 shares during the period. Finally, MML Investors Services LLC boosted its position in Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after purchasing an additional 91 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.