Recent Investment Analysts’ Ratings Changes for Grand Canyon Education (LOPE)

Share on StockTwits

Several brokerages have updated their recommendations and price targets on shares of Grand Canyon Education (NASDAQ: LOPE) in the last few weeks:

  • 8/9/2019 – Grand Canyon Education was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
  • 8/7/2019 – Grand Canyon Education had its price target raised by analysts at Barrington Research from $135.00 to $145.00. They now have an “outperform” rating on the stock.
  • 8/6/2019 – Grand Canyon Education was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/1/2019 – Grand Canyon Education was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2019 – Grand Canyon Education was given a new $145.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 7/18/2019 – Grand Canyon Education was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/11/2019 – Grand Canyon Education was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/10/2019 – Grand Canyon Education was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
  • 6/26/2019 – Grand Canyon Education was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NASDAQ:LOPE traded down $0.42 during trading hours on Tuesday, reaching $128.10. 9,478 shares of the stock were exchanged, compared to its average volume of 403,491. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $122.28 and a 200-day simple moving average of $116.61. Grand Canyon Education Inc has a 52 week low of $90.67 and a 52 week high of $130.10. The stock has a market capitalization of $6.21 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.58 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The company had revenue of $174.82 million for the quarter, compared to the consensus estimate of $173.40 million. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. Grand Canyon Education’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. As a group, analysts expect that Grand Canyon Education Inc will post 5.39 earnings per share for the current year.

In other Grand Canyon Education news, CFO Daniel E. Bachus sold 20,000 shares of Grand Canyon Education stock in a transaction on Friday, June 7th. The stock was sold at an average price of $126.09, for a total transaction of $2,521,800.00. Following the sale, the chief financial officer now owns 117,757 shares of the company’s stock, valued at approximately $14,847,980.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian E. Mueller sold 40,000 shares of Grand Canyon Education stock in a transaction on Friday, June 7th. The shares were sold at an average price of $126.10, for a total value of $5,044,000.00. Following the sale, the chief executive officer now directly owns 320,124 shares in the company, valued at approximately $40,367,636.40. The disclosure for this sale can be found here. In the last three months, insiders sold 66,000 shares of company stock worth $8,300,180. Company insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in Grand Canyon Education during the second quarter valued at $35,000. Icon Wealth Partners LLC acquired a new stake in Grand Canyon Education during the first quarter valued at $63,000. Daiwa Securities Group Inc. boosted its position in Grand Canyon Education by 48.8% during the first quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock valued at $70,000 after purchasing an additional 200 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Grand Canyon Education by 350.3% during the first quarter. Quadrant Capital Group LLC now owns 680 shares of the company’s stock valued at $76,000 after purchasing an additional 529 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Grand Canyon Education during the first quarter valued at $77,000. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

Read More: Death Cross

Receive News & Ratings for Grand Canyon Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Armada Hoffler Properties  & Nam Tai Property  Head-To-Head Review
Armada Hoffler Properties & Nam Tai Property Head-To-Head Review
Critical Comparison: Taro Pharmaceutical Industries  and Genmab A/S
Critical Comparison: Taro Pharmaceutical Industries and Genmab A/S
Critical Comparison: Jerash Holdings   versus Its Rivals
Critical Comparison: Jerash Holdings versus Its Rivals
Comparing Symantec  & Tyler Technologies
Comparing Symantec & Tyler Technologies
LegacyTexas Financial Group  Raised to Buy at BidaskClub
LegacyTexas Financial Group Raised to Buy at BidaskClub
Adverum Biotechnologies  PT Lowered to $8.00 at SunTrust Banks
Adverum Biotechnologies PT Lowered to $8.00 at SunTrust Banks


 
© 2006-2019 Zolmax.