Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a research note issued to investors on Monday. They currently have a $102.00 price objective on the stock. Piper Jaffray Companies’ price target indicates a potential upside of 9.58% from the stock’s previous close.

Several other research firms have also recently commented on LOPE. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a research note on Monday, September 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 target price on shares of Grand Canyon Education in a research note on Friday. BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $89.00 target price (up from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Grand Canyon Education has an average rating of “Buy” and a consensus price target of $100.40.

Grand Canyon Education (NASDAQ LOPE) traded down $1.88 during mid-day trading on Monday, hitting $93.08. 308,200 shares of the stock were exchanged, compared to its average volume of 288,543. Grand Canyon Education has a 52 week low of $56.40 and a 52 week high of $96.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $4,479.09, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 1.84 and a beta of 1.35.

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

A number of hedge funds have recently modified their holdings of LOPE. Aperio Group LLC lifted its holdings in Grand Canyon Education by 4.9% in the 2nd quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock worth $758,000 after buying an additional 454 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Grand Canyon Education in the 2nd quarter valued at about $298,000. Schwab Charles Investment Management Inc. raised its stake in Grand Canyon Education by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock worth $18,989,000 after acquiring an additional 7,876 shares during the period. Granite Investment Partners LLC raised its stake in Grand Canyon Education by 0.4% during the second quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock worth $1,697,000 after acquiring an additional 87 shares during the period. Finally, First Trust Advisors LP raised its stake in Grand Canyon Education by 13.2% during the second quarter. First Trust Advisors LP now owns 47,610 shares of the company’s stock worth $3,733,000 after acquiring an additional 5,544 shares during the period. Hedge funds and other institutional investors own 96.32% of the company’s stock.

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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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