Grand Canyon Education (LOPE) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reissued their buy rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a report published on Monday, December 4th. The firm currently has a $102.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. Barrington Research reiterated an outperform rating and set a $89.00 target price (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. BMO Capital Markets reissued a buy rating and issued a $97.00 price target on shares of Grand Canyon Education in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $100.00 price target on the stock in a report on Friday, November 3rd. Robert W. Baird raised their target price on shares of Grand Canyon Education from $85.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Finally, BidaskClub raised shares of Grand Canyon Education from a sell rating to a hold rating in a research note on Monday, August 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $100.80.

Grand Canyon Education (LOPE) traded down $0.89 on Monday, reaching $89.53. 151,539 shares of the company traded hands, compared to its average volume of 172,838. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $4,351.09, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.78 and a beta of 1.35. Grand Canyon Education has a one year low of $56.52 and a one year high of $96.15.

Grand Canyon Education (NASDAQ:LOPE) last issued 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 firm had revenue of $236.21 million during the quarter, compared to analyst estimates of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. equities analysts predict that Grand Canyon Education will post 3.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LOPE. Aperio Group LLC grew its holdings in shares of Grand Canyon Education by 4.9% in the second quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock worth $758,000 after purchasing an additional 454 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Grand Canyon Education in the second quarter worth approximately $298,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Grand Canyon Education by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock worth $18,989,000 after purchasing an additional 7,876 shares during the last quarter. Granite Investment Partners LLC grew its holdings in shares of Grand Canyon Education by 0.4% in the second quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock worth $1,697,000 after purchasing an additional 87 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Grand Canyon Education by 13.2% in the second quarter. First Trust Advisors LP now owns 47,610 shares of the company’s stock worth $3,733,000 after purchasing an additional 5,544 shares during the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

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About Grand Canyon Education

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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