Grand Canyon Education (NASDAQ:LOPE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reissued a “buy” rating and issued a $97.00 price objective on shares of Grand Canyon Education in a report on Wednesday, October 25th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Barrington Research reissued an “outperform” rating and issued a $103.00 price objective (up previously from $98.00) on shares of Grand Canyon Education in a report on Thursday, November 2nd. BidaskClub lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $102.00 target price on shares of Grand Canyon Education in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $100.40.
Shares of Grand Canyon Education (LOPE) traded up $0.40 on Wednesday, hitting $90.80. 231,755 shares of the company were exchanged, compared to its average volume of 284,896. 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 12-month low of $56.52 and a 12-month high of $96.15. The stock has a market capitalization of $4,433.86, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.82 and a beta of 1.35.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million during the quarter, compared to analyst estimates of $231.43 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Grand Canyon Education’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts anticipate that Grand Canyon Education will post 3.9 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Summit Creek Advisors LLC boosted its stake in Grand Canyon Education by 40.7% during the third quarter. Summit Creek Advisors LLC now owns 155,255 shares of the company’s stock worth $14,100,000 after buying an additional 44,905 shares during the period. Chicago Equity Partners LLC purchased a new position in Grand Canyon Education during the second quarter worth about $2,364,000. Robeco Institutional Asset Management B.V. purchased a new position in Grand Canyon Education during the second quarter worth about $2,970,000. Prudential Financial Inc. boosted its stake in Grand Canyon Education by 34.0% during the second quarter. Prudential Financial Inc. now owns 207,253 shares of the company’s stock worth $16,251,000 after buying an additional 52,560 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in Grand Canyon Education by 22.9% during the third quarter. Sit Investment Associates Inc. now owns 10,475 shares of the company’s stock worth $951,000 after buying an additional 1,950 shares during the period. 96.32% of the stock is owned by institutional investors.
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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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