Grand Canyon Education (NASDAQ:LOPE) Price Target Cut to $185.00 by Analysts at BMO Capital Markets

Grand Canyon Education (NASDAQ:LOPE) had its price target trimmed by BMO Capital Markets from $198.00 to $185.00 in a research note released on Monday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on LOPE. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.67.

Grand Canyon Education Stock Up 1.1%

NASDAQ:LOPE opened at $155.18 on Monday. The firm has a 50-day moving average price of $153.73 and a 200 day moving average price of $163.14. Grand Canyon Education has a 12-month low of $140.02 and a 12-month high of $223.04. The firm has a market capitalization of $4.11 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.01 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last posted 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. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same quarter last year, the firm earned $2.57 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, research analysts expect that Grand Canyon Education will post 10.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LOPE. Parallel Advisors LLC increased its stake in shares of Grand Canyon Education by 2.0% in the 1st quarter. Parallel Advisors LLC now owns 4,075 shares of the company’s stock valued at $693,000 after purchasing an additional 78 shares during the last quarter. Prospect Capital Advisors LLC lifted its position in shares of Grand Canyon Education by 3.1% during the 1st quarter. Prospect Capital Advisors LLC now owns 80,470 shares of the company’s stock worth $13,682,000 after buying an additional 2,390 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Grand Canyon Education in the first quarter valued at about $1,059,000. Janus Henderson Group PLC boosted its stake in Grand Canyon Education by 5.5% in the first quarter. Janus Henderson Group PLC now owns 13,511 shares of the company’s stock valued at $2,298,000 after buying an additional 710 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in Grand Canyon Education by 24.6% in the first quarter. California State Teachers Retirement System now owns 33,092 shares of the company’s stock valued at $5,627,000 after acquiring an additional 6,526 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

About Grand Canyon Education

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.