Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $215.00

Grand Canyon Education (NASDAQ:LOPE) had its price target upped by Barrington Research from $205.00 to $215.00 in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also weighed in on the company. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

Grand Canyon Education Trading Up 1.7 %

LOPE stock opened at $196.10 on Wednesday. The business’s fifty day moving average price is $174.72 and its 200 day moving average price is $169.33. Grand Canyon Education has a 12-month low of $130.69 and a 12-month high of $202.28. The company has a market capitalization of $5.57 billion, a PE ratio of 25.34, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period in the prior year, the firm earned $2.35 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts predict that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

A number of institutional investors and hedge funds have recently modified their holdings of LOPE. Counterpoint Mutual Funds LLC purchased a new stake in Grand Canyon Education during the 4th quarter worth about $421,000. QRG Capital Management Inc. purchased a new stake in Grand Canyon Education during the fourth quarter worth approximately $255,000. Postrock Partners LLC acquired a new position in Grand Canyon Education in the fourth quarter valued at approximately $1,715,000. Franklin Resources Inc. increased its stake in Grand Canyon Education by 10.7% in the third quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after purchasing an additional 3,630 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Grand Canyon Education by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock worth $27,388,000 after purchasing an additional 9,083 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.