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Grand Canyon Education (NASDAQ:LOPE – Get Rating) had its target price increased by analysts at Barrington Research from $100.00 to $110.00 in a research report issued on Thursday, The Fly reports. Barrington Research’s price objective would suggest a potential upside of 16.39% from the company’s previous close. Barrington Research also issued estimates for Grand Canyon Education’s Q2 2022 earnings at $0.84 EPS, Q3 2022 earnings at $1.03 EPS, Q4 2022 earnings at $2.23 EPS, FY2022 earnings at $5.82 EPS and FY2023 earnings at $6.50 EPS.
Several other research firms have also recently weighed in on LOPE. TheStreet raised Grand Canyon Education from a “c+” rating to a “b” rating in a research note on Tuesday, April 5th. Robert W. Baird lifted their target price on Grand Canyon Education from $95.00 to $111.00 in a research note on Thursday. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets lowered their target price on Grand Canyon Education from $105.00 to $92.00 in a research note on Friday, February 18th. Finally, Berenberg Bank cut Grand Canyon Education from a “buy” rating to a “hold” rating and lowered their target price for the company from $110.00 to $86.00 in a research note on Friday, January 28th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Grand Canyon Education presently has an average rating of “Buy” and a consensus price target of $100.00.
LOPE opened at $94.51 on Thursday. The business has a fifty day simple moving average of $96.34 and a 200-day simple moving average of $87.31. The firm has a market cap of $3.10 billion, a PE ratio of 15.80, a P/E/G ratio of 1.08 and a beta of 0.50. Grand Canyon Education has a fifty-two week low of $70.00 and a fifty-two week high of $102.04.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Grand Canyon Education had a return on equity of 18.37% and a net margin of 26.59%. The firm had revenue of $244.13 million for the quarter, compared to analyst estimates of $241.78 million. During the same period in the previous year, the firm earned $1.72 earnings per share. Grand Canyon Education’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Grand Canyon Education will post 5.82 EPS for the current fiscal year.
In related news, insider Kathy J. Claypatch sold 800 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $92.16, for a total value of $73,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Private Capital Group LLC boosted its position in Grand Canyon Education by 52.7% during the first quarter. Private Capital Group LLC now owns 287 shares of the company’s stock worth $28,000 after purchasing an additional 99 shares during the period. Crewe Advisors LLC bought a new stake in Grand Canyon Education during the first quarter worth approximately $29,000. Signaturefd LLC boosted its position in Grand Canyon Education by 56.7% during the first quarter. Signaturefd LLC now owns 481 shares of the company’s stock worth $47,000 after purchasing an additional 174 shares during the period. Confluence Wealth Services Inc. bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $46,000. Finally, Covestor Ltd bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $58,000. 91.04% of the stock is owned by hedge funds and other institutional investors.
About Grand Canyon Education (Get Rating)
Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company’s technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.
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