Grand Canyon Education (LOPE) Given “Buy” Rating at Robert W. Baird

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “buy” rating restated by research analysts at Robert W. Baird in a report released on Friday. They currently have a $100.00 price target on the stock. Robert W. Baird’s target price would suggest a potential upside of 7.43% from the stock’s current price.

Several other analysts have also weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, August 3rd. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Piper Jaffray Companies raised their price objective on shares of Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Grand Canyon Education has an average rating of “Buy” and a consensus target price of $98.40.

Shares of Grand Canyon Education (NASDAQ LOPE) traded down $1.88 on Friday, reaching $93.08. 308,217 shares of the company’s stock were exchanged, compared to its average volume of 288,543. The company has a market capitalization of $4,489.68, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. Grand Canyon Education has a 1 year low of $56.40 and a 1 year high of $96.15.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The company had revenue of $236.21 million during the quarter, compared to analyst estimates of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. analysts expect that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of LOPE. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Grand Canyon Education by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in Grand Canyon Education during the 3rd quarter worth $225,000. Cubist Systematic Strategies LLC acquired a new stake in Grand Canyon Education during the 2nd quarter worth $227,000. Parametrica Management Ltd acquired a new stake in Grand Canyon Education during the 3rd quarter worth $227,000. Finally, ETRADE Capital Management LLC acquired a new stake in Grand Canyon Education during the 3rd quarter worth $231,000. 96.28% of the stock is owned by institutional investors and hedge funds.

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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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