Grand Canyon Education Inc. Sets New 1-Year High at $37.19 (LOPE)
Grand Canyon Education (NASDAQ:LOPE) set a new 52-week high during trading hours on Wednesday, AnalystRatings.Net reports. The company traded as high as $37.19 and last traded at $36.71, with a volume of 144,522 shares. The stock had previously closed at $36.55.
A number of analysts have recently weighed in on LOPE shares. Analysts at Deutsche Bank raised their price target on shares of Grand Canyon Education (NASDAQ:LOPE) from $29.00 to $37.00 in a research note to investors on Thursday, August 1st. Separately, analysts at Stifel Nicolaus raised their price target on shares of Grand Canyon Education (NASDAQ:LOPE) from $37.00 to $40.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray Cos. downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, July 15th. They now have a $35.00 price target on the stock, up previously from $26.00.
Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Grand Canyon Education presently has an average rating of “Buy” and an average target price of $33.50.
Grand Canyon Education has a 52-week low of $20.59 and a 52-week high of $37.17. The stock has a 50-day moving average of $34.89 and a 200-day moving average of $30.21. The company has a market cap of $1.676 billion and a P/E ratio of 21.01.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $141.50 million for the quarter, compared to the consensus estimate of $138.38 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Grand Canyon Education will post $1.80 EPS for the current fiscal year.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
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