Grand Canyon Education Inc (LOPE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have received a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $100.50.

LOPE has been the subject of several recent analyst reports. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $102.00 price target on shares of Grand Canyon Education in a report on Monday, December 4th. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price target on shares of Grand Canyon Education in a report on Friday, December 1st. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, BidaskClub downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th.

Shares of Grand Canyon Education (NASDAQ:LOPE) opened at $89.10 on Friday. The company has a market capitalization of $4,290.00, a P/E ratio of 23.39, a PEG ratio of 1.67 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.07. Grand Canyon Education has a twelve month low of $56.62 and a twelve month high of $96.15.

A number of institutional investors have recently made changes to their positions in LOPE. Arrowstreet Capital Limited Partnership lifted its holdings in Grand Canyon Education by 60.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 548,497 shares of the company’s stock valued at $49,107,000 after purchasing an additional 206,709 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Grand Canyon Education by 42.0% during the 3rd quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after purchasing an additional 156,192 shares during the last quarter. American Century Companies Inc. lifted its holdings in Grand Canyon Education by 102.2% during the 4th quarter. American Century Companies Inc. now owns 297,674 shares of the company’s stock valued at $26,651,000 after purchasing an additional 150,476 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Grand Canyon Education during the 3rd quarter valued at $11,632,000. Finally, Handelsbanken Fonder AB lifted its holdings in Grand Canyon Education by 7.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,140,290 shares of the company’s stock valued at $103,561,000 after purchasing an additional 81,500 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

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About Grand Canyon Education

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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