Grand Canyon Education (LOPE) Hits New 12-Month High at $126.04

Grand Canyon Education Inc (NASDAQ:LOPE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $126.04 and last traded at $124.62, with a volume of 111387 shares. The stock had previously closed at $122.95.

Several research firms recently issued reports on LOPE. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Robert W. Baird lifted their price target on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Thursday, September 6th. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $117.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, July 9th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $133.20.

The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $236.82 million for the quarter, compared to analysts’ expectations of $235.13 million. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. Grand Canyon Education’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, research analysts predict that Grand Canyon Education Inc will post 4.89 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ardevora Asset Management LLP raised its stake in shares of Grand Canyon Education by 0.4% during the third quarter. Ardevora Asset Management LLP now owns 319,198 shares of the company’s stock valued at $36,006,000 after purchasing an additional 1,318 shares during the period. Concorde Asset Management LLC acquired a new position in Grand Canyon Education in the third quarter worth $1,027,000. OLD National Bancorp IN boosted its holdings in Grand Canyon Education by 21.6% in the third quarter. OLD National Bancorp IN now owns 3,855 shares of the company’s stock worth $435,000 after purchasing an additional 686 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Grand Canyon Education by 10.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 59,571 shares of the company’s stock worth $6,720,000 after purchasing an additional 5,448 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its holdings in Grand Canyon Education by 12.1% in the third quarter. Conestoga Capital Advisors LLC now owns 748,067 shares of the company’s stock worth $84,382,000 after purchasing an additional 80,895 shares during the period. Institutional investors own 94.06% of the company’s stock.

About Grand Canyon Education (NASDAQ:LOPE)

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

See Also: How is a Moving Average Calculated?

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply