Grand Canyon Education, Inc. (NASDAQ:LOPE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $161.6667.

A number of analysts recently weighed in on LOPE shares. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research note on Friday, July 31st. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets decreased their price objective on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Finally, Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th.

Institutional Trading of Grand Canyon Education

Several institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Leonteq Securities AG boosted its stake in shares of Grand Canyon Education by 48.9% in the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Financial Life Planners bought a new stake in shares of Grand Canyon Education in the 1st quarter worth about $33,000. Sankala Group LLC bought a new stake in shares of Grand Canyon Education in the 4th quarter worth about $34,000. Finally, Hantz Financial Services Inc. increased its position in shares of Grand Canyon Education by 98.2% during the 4th quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE opened at $153.87 on Thursday. Grand Canyon Education has a fifty-two week low of $134.27 and a fifty-two week high of $223.04. The firm’s fifty day moving average price is $147.93 and its two-hundred day moving average price is $155.55. The company has a market capitalization of $4.01 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.00 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The company had revenue of $264.05 million during the quarter, compared to analysts’ expectations of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 EPS. On average, equities research analysts expect that Grand Canyon Education will post 10.22 EPS for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company’s offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.