Grand Canyon Education PT Raised to $47.00 at Deutsche Bank (LOPE)
Deutsche Bank hoisted their price objective on shares of Grand Canyon Education (NASDAQ:LOPE) from $37.00 to $47.00 in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 8.42% from the stock’s previous close.
Shares of Grand Canyon Education (NASDAQ:LOPE) traded up 10.91% on Wednesday, hitting $48.08. The stock had a trading volume of 1,964,384 shares. Grand Canyon Education has a one year low of $20.59 and a one year high of $37.19. The stock’s 50-day moving average is $34.95 and its 200-day moving average is $30.38. The company has a market cap of $2.210 billion and a P/E ratio of 24.91.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, October 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $152.40 million for the quarter, compared to the consensus estimate of $148.60 million. During the same quarter last year, the company posted $0.42 earnings per share. Grand Canyon Education’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that Grand Canyon Education will post $1.81 EPS for the current fiscal year.
Separately, analysts at Citigroup Inc. initiated coverage on shares of Grand Canyon Education in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $36.40.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
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