Grand Canyon Education, Inc. (LOPE) Given Average Recommendation of “Buy” by Analysts
Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $73.33.
A number of analysts have recently weighed in on LOPE shares. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Barrington Research raised their price objective on Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th.
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Grand Canyon Education (NASDAQ LOPE) opened at 77.03 on Tuesday. Grand Canyon Education has a 52 week low of $39.07 and a 52 week high of $83.00. The firm’s 50-day moving average price is $78.67 and its 200-day moving average price is $70.49. The stock has a market cap of $3.62 billion, a PE ratio of 22.74 and a beta of 1.49.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, May 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The business had revenue of $248.20 million for the quarter, compared to analysts’ expectations of $244.64 million. Grand Canyon Education had a return on equity of 21.53% and a net margin of 17.97%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities analysts predict that Grand Canyon Education will post $3.66 earnings per share for the current fiscal year.
In related news, CEO Brian E. Mueller sold 29,788 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $77.12, for a total value of $2,297,250.56. Following the completion of the transaction, the chief executive officer now owns 311,312 shares in the company, valued at approximately $24,008,381.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William Stan Meyer sold 20,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $77.14, for a total value of $1,542,800.00. Following the completion of the transaction, the chief operating officer now owns 118,459 shares of the company’s stock, valued at approximately $9,137,927.26. The disclosure for this sale can be found here. Insiders sold a total of 197,461 shares of company stock valued at $15,462,932 in the last 90 days. 3.00% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its position in Grand Canyon Education by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after buying an additional 129 shares during the last quarter. Fifth Third Bancorp raised its position in Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock worth $162,000 after buying an additional 220 shares during the last quarter. Bell Bank raised its position in Grand Canyon Education by 3.6% in the first quarter. Bell Bank now owns 7,630 shares of the company’s stock worth $546,000 after buying an additional 265 shares during the last quarter. Aperio Group LLC raised its position in Grand Canyon Education by 4.9% in the second quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock worth $758,000 after buying an additional 454 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock worth $183,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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