Piper Jaffray Companies Reaffirms “Buy” Rating for Grand Canyon Education (LOPE)

Piper Jaffray Companies restated their buy rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report report published on Monday morning. The firm currently has a $102.00 price objective on the stock.

Several other equities analysts have also commented on LOPE. BidaskClub upgraded Grand Canyon Education from a sell rating to a hold rating in a research report on Monday, August 7th. Barrington Research reiterated an outperform rating and set a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. ValuEngine upgraded Grand Canyon Education from a hold rating to a buy rating in a research report on Friday, September 1st. BMO Capital Markets reiterated a buy rating and set a $85.00 price objective on shares of Grand Canyon Education in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered Grand Canyon Education from a buy rating to a hold rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of Buy and an average price target of $100.40.

Shares of Grand Canyon Education (NASDAQ LOPE) traded up $1.25 during midday trading on Monday, reaching $93.60. The company’s stock had a trading volume of 185,900 shares, compared to its average volume of 287,186. The company has a market cap of $4,443.96, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. Grand Canyon Education has a fifty-two week low of $56.52 and a fifty-two week high of $96.15.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The business had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. sell-side analysts expect that Grand Canyon Education will post 3.9 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Grand Canyon Education by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock valued at $300,462,000 after acquiring an additional 56,722 shares during the period. BlackRock Inc. boosted its holdings in Grand Canyon Education by 4.4% during the 2nd quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock valued at $230,620,000 after acquiring an additional 123,665 shares during the period. William Blair Investment Management LLC boosted its holdings in Grand Canyon Education by 27.7% during the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after acquiring an additional 445,546 shares during the period. Alliancebernstein L.P. boosted its holdings in Grand Canyon Education by 15.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after acquiring an additional 245,284 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in Grand Canyon Education by 7.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,140,290 shares of the company’s stock valued at $103,561,000 after acquiring an additional 81,500 shares during the period. Institutional investors own 96.32% of the company’s stock.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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