Barrington Research Issues Positive Forecast for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its target price raised by Barrington Research from $205.00 to $215.00 in a research report report published on Wednesday, Marketbeat.com reports. Barrington Research currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st.

Grand Canyon Education Trading Up 4.6 %

Shares of Grand Canyon Education stock opened at $194.01 on Wednesday. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.42 and a beta of 0.80. Grand Canyon Education has a twelve month low of $130.69 and a twelve month high of $203.00. The business’s 50 day simple moving average is $174.15 and its 200-day simple moving average is $168.46.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period last year, the company earned $2.35 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that Grand Canyon Education will post 8.81 earnings per share for the current year.

Hedge Funds Weigh In On Grand Canyon Education

A number of institutional investors and hedge funds have recently bought and sold shares of LOPE. GeoWealth Management LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education in the fourth quarter worth approximately $32,000. Financial Life Planners bought a new position in Grand Canyon Education during the 4th quarter valued at $37,000. Finally, UMB Bank n.a. increased its position in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company’s stock valued at $55,000 after purchasing an additional 165 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.