Grand Canyon Education (NASDAQ:LOPE) Price Target Cut to $116.00 by Analysts at BMO Capital Markets

Grand Canyon Education (NASDAQ:LOPE) had its target price lowered by stock analysts at BMO Capital Markets from $126.00 to $116.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 34.88% from the stock’s previous close.

Several other equities analysts also recently commented on LOPE. Robert W. Baird set a $145.00 price target on Grand Canyon Education and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub downgraded Grand Canyon Education from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Barrington Research set a $145.00 price objective on shares of Grand Canyon Education and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Grand Canyon Education currently has a consensus rating of “Buy” and a consensus target price of $131.50.

NASDAQ:LOPE traded down $2.08 during mid-day trading on Thursday, reaching $86.00. The stock had a trading volume of 20,099 shares, compared to its average volume of 307,009. The business’s 50 day moving average is $98.19 and its 200 day moving average is $114.86. Grand Canyon Education has a fifty-two week low of $76.48 and a fifty-two week high of $132.72. The stock has a market cap of $4.44 billion, a P/E ratio of 16.92, a PEG ratio of 1.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The company had revenue of $193.30 million for the quarter, compared to the consensus estimate of $191.75 million. During the same quarter last year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts expect that Grand Canyon Education will post 5.39 EPS for the current year.

In related news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $108.75, for a total value of $217,500.00. Following the completion of the transaction, the insider now directly owns 56,809 shares of the company’s stock, valued at $6,177,978.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dilek Marsh sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $126.83, for a total value of $126,830.00. Following the completion of the transaction, the insider now directly owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,000 shares of company stock worth $596,730. 2.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in Grand Canyon Education in the second quarter worth $35,000. Quest Capital Management Inc. ADV bought a new position in Grand Canyon Education in the third quarter worth $45,000. Marshall Wace LLP bought a new position in Grand Canyon Education in the first quarter worth $77,000. Captrust Financial Advisors lifted its position in Grand Canyon Education by 15.6% in the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock worth $96,000 after purchasing an additional 110 shares during the period. Finally, FTB Advisors Inc. lifted its holdings in shares of Grand Canyon Education by 85.9% during the second quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock valued at $125,000 after acquiring an additional 494 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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