Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Grand Canyon Education, Inc. (NASDAQ:LOPE) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $180.00.

A number of research firms have weighed in on LOPE. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th.

Grand Canyon Education Trading Down 3.0%

Shares of NASDAQ LOPE opened at $147.49 on Tuesday. The firm has a market cap of $3.91 billion, a PE ratio of 18.44, a PEG ratio of 0.98 and a beta of 0.56. Grand Canyon Education has a 1-year low of $145.00 and a 1-year high of $223.04. The company has a fifty day moving average price of $161.87 and a 200 day moving average price of $164.36.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The firm had revenue of $308.76 million during the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.57 EPS. Equities research analysts forecast that Grand Canyon Education will post 10.04 EPS for the current year.

Institutional Investors Weigh In On Grand Canyon Education

Several hedge funds have recently bought and sold shares of LOPE. NewEdge Advisors LLC lifted its stake in Grand Canyon Education by 4,339.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Grand Canyon Education by 14.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after purchasing an additional 15,019 shares during the last quarter. Empowered Funds LLC lifted its stake in Grand Canyon Education by 2.1% in the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Grand Canyon Education by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after acquiring an additional 8,421 shares during the period. Finally, Jane Street Group LLC raised its holdings in Grand Canyon Education by 156.9% in the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after acquiring an additional 22,812 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.