Grand Canyon Education, Inc. (NASDAQ:LOPE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $213.3333.

A number of analysts have issued reports on LOPE shares. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a report on Thursday. Truist Financial began coverage on shares of Grand Canyon Education in a research report on Tuesday. They issued a “buy” rating and a $200.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Finally, Barrington Research reissued an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Toronto Dominion Bank bought a new position in Grand Canyon Education in the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in Grand Canyon Education in the first quarter valued at approximately $33,000. Finally, Leonteq Securities AG raised its position in Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE opened at $148.59 on Tuesday. The business has a fifty day simple moving average of $163.39 and a 200 day simple moving average of $164.67. The company has a market capitalization of $3.94 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.00 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.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. During the same quarter last year, the business earned $2.57 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Grand Canyon Education will post 10.22 earnings per share for the current fiscal year.

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.