Grand Canyon Education (NASDAQ:LOPE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other research firms also recently weighed in on LOPE. BMO Capital Markets reissued a “buy” rating and set a $85.00 target price on shares of Grand Canyon Education in a report on Monday, September 18th. Robert W. Baird reissued a “buy” rating and set a $100.00 target price on shares of Grand Canyon Education in a report on Friday, December 1st. BidaskClub downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Friday, December 15th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $102.00 target price on shares of Grand Canyon Education in a report on Monday, December 4th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $100.80.

Shares of Grand Canyon Education (LOPE) opened at $89.53 on Friday. Grand Canyon Education has a twelve month low of $56.52 and a twelve month high of $96.15. The stock has a market capitalization of $4,308.27, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The business had revenue of $236.21 million during the quarter, compared to the consensus estimate of $231.43 million. During the same quarter last year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. equities research analysts expect that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of LOPE. Alliancebernstein L.P. raised its stake in Grand Canyon Education by 15.7% in the second quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after purchasing an additional 245,284 shares in the last quarter. Wells Fargo & Company MN raised its stake in Grand Canyon Education by 42.0% in the third quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after purchasing an additional 156,192 shares in the last quarter. American Century Companies Inc. acquired a new position in Grand Canyon Education in the third quarter valued at about $13,369,000. Fuller & Thaler Asset Management Inc. acquired a new position in Grand Canyon Education in the third quarter valued at about $11,632,000. Finally, BlackRock Inc. raised its stake in Grand Canyon Education by 4.4% in the second quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock valued at $230,620,000 after purchasing an additional 123,665 shares in the last quarter. 96.16% of the stock is owned by institutional investors.

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Grand Canyon Education Company Profile

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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