Grand Canyon Education Inc. Reaches New 12-Month High at $40.80 (LOPE)
Grand Canyon Education (NASDAQ:LOPE)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings Network.com reports. The company traded as high as $40.80 and last traded at $40.51, with a volume of 293,660 shares traded. The stock had previously closed at $39.91.
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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus 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 $40.13. The stock’s 50-day moving average is $35.88 and its 200-day moving average is $31.35. The company has a market cap of $1.859 billion and a price-to-earnings ratio of 22.94.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Grand Canyon Education will post $1.80 earnings per share 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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