Grand Canyon Education (NASDAQ:LOPE - Get Free Report) had its price objective hoisted by equities research analysts at BMO Capital Markets from $181.00 to $202.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 13.91% from the company's current price.
A number of other research firms also recently commented on LOPE. Robert W. Baird raised their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barrington Research increased their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
Get Our Latest Research Report on LOPE
Grand Canyon Education Stock Down 0.1 %
Shares of LOPE traded down $0.26 during mid-day trading on Friday, hitting $177.33. The company had a trading volume of 225,846 shares, compared to its average volume of 157,096. Grand Canyon Education has a 1-year low of $126.17 and a 1-year high of $192.18. The business's 50-day simple moving average is $171.23 and its 200-day simple moving average is $156.03. The stock has a market cap of $5.09 billion, a PE ratio of 22.91, a P/E/G ratio of 1.42 and a beta of 0.74.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. On average, sell-side analysts expect that Grand Canyon Education will post 8.81 earnings per share for the current year.
Insider Transactions at Grand Canyon Education
In related news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company's stock.
Institutional Trading of Grand Canyon Education
Several large investors have recently bought and sold shares of LOPE. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Grand Canyon Education during the 4th quarter worth $27,000. Reston Wealth Management LLC acquired a new position in Grand Canyon Education in the 3rd quarter worth $28,000. True Wealth Design LLC purchased a new position in Grand Canyon Education in the 3rd quarter valued at about $31,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 94.17% of the company's stock.
Grand Canyon Education Company Profile
(
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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.
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