Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Grand Canyon Education (LOPE) Stock Price
Media coverage about Grand Canyon Education (NASDAQ:LOPE) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Grand Canyon Education earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.8288031617855 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms recently issued reports on LOPE. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of Grand Canyon Education in a research report on Wednesday, October 25th. Robert W. Baird raised their target price on shares of Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barrington Research reissued an “outperform” rating and issued a $103.00 target price (up from $98.00) on shares of Grand Canyon Education in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $97.40.
Grand Canyon Education (NASDAQ:LOPE) traded up $0.35 during midday trading on Monday, reaching $90.06. 240,451 shares of the company traded hands, compared to its average volume of 290,842. Grand Canyon Education has a 52-week low of $55.68 and a 52-week high of $95.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $4,316.92, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. During the same quarter last year, the firm posted $0.62 earnings per share. Grand Canyon Education’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts anticipate that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.
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About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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