Grand Canyon Education Inc. (LOPE) Given Average Recommendation of “Buy” by Analysts
Grand Canyon Education Inc. (NASDAQ:LOPE) has received a consensus rating of “Buy” from the six brokerages that are currently covering the stock. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $50.33.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Saturday, November 5th. Piper Jaffray Cos. upped their price objective on shares of Grand Canyon Education from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $62.00 price objective on shares of Grand Canyon Education in a report on Tuesday, September 13th.
In related news, Director Brent D. Richardson sold 55,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $48.04, for a total value of $2,642,200.00. Following the sale, the director now owns 1,793 shares in the company, valued at approximately $86,135.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.30% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of LOPE. Quantbot Technologies LP raised its stake in Grand Canyon Education by 5,425.0% in the second quarter. Quantbot Technologies LP now owns 2,652 shares of the company’s stock worth $105,000 after buying an additional 2,604 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Grand Canyon Education by 629.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,087 shares of the company’s stock worth $123,000 after buying an additional 2,664 shares during the last quarter. BlackRock Inc. increased its stake in shares of Grand Canyon Education by 127.0% in the first quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock worth $135,000 after buying an additional 1,764 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of Grand Canyon Education by 1.0% in the second quarter. FineMark National Bank & Trust now owns 4,079 shares of the company’s stock worth $163,000 after buying an additional 42 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Grand Canyon Education by 3.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,070 shares of the company’s stock worth $164,000 after buying an additional 131 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.
Grand Canyon Education (NASDAQ:LOPE) opened at 54.00 on Monday. The company’s 50-day moving average price is $42.96 and its 200-day moving average price is $42.06. The company has a market cap of $2.50 billion, a PE ratio of 18.31 and a beta of 1.26. Grand Canyon Education has a 12-month low of $31.12 and a 12-month high of $54.80.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Grand Canyon Education had a net margin of 16.42% and a return on equity of 21.10%. The firm had revenue of $210.40 million for the quarter, compared to analyst estimates of $206.21 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Grand Canyon Education will post $3.13 earnings per share for the current year.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.
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