Barrington Research Issues Positive Forecast for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its price objective boosted by Barrington Research from $205.00 to $215.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets lifted their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st.

Grand Canyon Education Stock Up 1.7 %

NASDAQ:LOPE opened at $196.10 on Wednesday. The company has a market capitalization of $5.57 billion, a PE ratio of 25.34, a P/E/G ratio of 1.42 and a beta of 0.80. Grand Canyon Education has a 52-week low of $130.69 and a 52-week high of $202.28. The stock’s 50 day moving average price is $174.72 and its 200 day moving average price is $169.33.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period last year, the firm posted $2.35 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

A number of large investors have recently modified their holdings of the business. GeoWealth Management LLC purchased a new position in Grand Canyon Education in the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $32,000. Financial Life Planners purchased a new stake in Grand Canyon Education during the fourth quarter worth about $37,000. Finally, UMB Bank n.a. grew its position in Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after buying an additional 165 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.