Grand Canyon Education (LOPE) Stock Rating Lowered by Zacks Investment Research

Grand Canyon Education (NASDAQ:LOPE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “

A number of other research analysts also recently commented on LOPE. Barrington Research reissued a “buy” rating on shares of Grand Canyon Education in a report on Tuesday. BidaskClub downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Piper Jaffray increased their target price on Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Robert W. Baird reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a report on Thursday, February 22nd. Finally, ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of “Buy” and an average target price of $110.60.

Shares of Grand Canyon Education opened at $109.25 on Thursday, according to MarketBeat. The stock has a market capitalization of $5.21 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. Grand Canyon Education has a one year low of $107.76 and a one year high of $109.03. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.06.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $275.68 million during the quarter, compared to the consensus estimate of $274.13 million. Grand Canyon Education had a return on equity of 22.00% and a net margin of 22.07%. Grand Canyon Education’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. research analysts anticipate that Grand Canyon Education will post 4.83 EPS for the current year.

A number of large investors have recently added to or reduced their stakes 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 worth $49,107,000 after buying an additional 206,709 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Grand Canyon Education by 4,401.5% in the 4th quarter. Millennium Management LLC now owns 166,376 shares of the company’s stock worth $14,896,000 after purchasing an additional 162,680 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Grand Canyon Education by 102.2% in the 4th quarter. American Century Companies Inc. now owns 297,674 shares of the company’s stock worth $26,651,000 after purchasing an additional 150,476 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Grand Canyon Education by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,262,290 shares of the company’s stock worth $113,013,000 after purchasing an additional 122,000 shares during the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in shares of Grand Canyon Education in the 4th quarter worth approximately $7,303,000. 95.70% of the stock is currently owned by institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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