BMO Capital Markets Has Lowered Expectations for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its price target lowered by BMO Capital Markets from $198.00 to $185.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 21.19% from the company’s previous close.

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

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $152.65 on Monday. The firm has a 50 day simple moving average of $153.96 and a 200-day simple moving average of $163.22. Grand Canyon Education has a twelve month low of $140.02 and a twelve month high of $223.04. The company has a market capitalization of $4.05 billion, a PE ratio of 19.08, a P/E/G ratio of 1.01 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.78 by $0.08. The firm had revenue of $308.76 million for 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%. Grand Canyon Education’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $2.57 EPS. As a group, equities research analysts predict that Grand Canyon Education will post 10.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Grand Canyon Education

A number of hedge funds have recently added to or reduced their stakes in LOPE. GW&K Investment Management LLC boosted its holdings in Grand Canyon Education by 15.6% in the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after purchasing an additional 99,320 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Grand Canyon Education by 30.9% in the 4th quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock valued at $107,980,000 after buying an additional 153,189 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 17.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock valued at $102,010,000 after buying an additional 90,070 shares during the period. Geode Capital Management LLC boosted its stake in shares of Grand Canyon Education by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock valued at $96,163,000 after buying an additional 26,593 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of Grand Canyon Education by 135.3% in the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after buying an additional 298,409 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.