Stifel Nicolaus Increases Grand Canyon Education Price Target to $49.00 (LOPE)
Equities researchers at Stifel Nicolaus lifted their target price on shares of Grand Canyon Education (NASDAQ:LOPE) from $40.00 to $49.00 in a research report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 5.08% from the company’s current price.
Shares of Grand Canyon Education (NASDAQ:LOPE) traded down 1.35% on Wednesday, hitting $46.63. The stock had a trading volume of 570,820 shares. Grand Canyon Education has a 52-week low of $21.19 and a 52-week high of $50.48. The stock’s 50-day moving average is $41.10 and its 200-day moving average is $34.5. The company has a market cap of $2.144 billion and a price-to-earnings ratio of 25.97.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Grand Canyon Education will post $1.88 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LOPE. Analysts at Deutsche Bank raised their price target on shares of Grand Canyon Education from $37.00 to $47.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. 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 five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.00.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
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