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Barrington Research Reiterates "Outperform" Rating for Grand Canyon Education (NASDAQ:LOPE)

Grand Canyon Education logo with Consumer Discretionary background

Grand Canyon Education (NASDAQ:LOPE - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Barrington Research in a research note issued on Wednesday,Benzinga reports. They presently have a $215.00 target price on the stock. Barrington Research's price target indicates a potential upside of 27.49% from the company's previous close.

LOPE has been the topic of several other research reports. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets decreased their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th.

Read Our Latest Analysis on LOPE

Grand Canyon Education Stock Down 0.0%

Shares of LOPE traded down $0.05 during mid-day trading on Wednesday, hitting $168.64. 179,672 shares of the company's stock were exchanged, compared to its average volume of 205,026. The firm has a fifty day moving average of $185.50 and a two-hundred day moving average of $179.21. Grand Canyon Education has a twelve month low of $130.69 and a twelve month high of $202.28. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.30 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The company had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the business posted $2.35 EPS. Grand Canyon Education's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that Grand Canyon Education will post 8.81 earnings per share for the current year.

Institutional Trading of Grand Canyon Education

Several large investors have recently modified their holdings of LOPE. American Century Companies Inc. boosted its holdings in shares of Grand Canyon Education by 9.6% during the 4th quarter. American Century Companies Inc. now owns 19,948 shares of the company's stock worth $3,267,000 after buying an additional 1,753 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Grand Canyon Education during the 4th quarter valued at $2,768,000. LPL Financial LLC raised its stake in Grand Canyon Education by 87.2% during the 4th quarter. LPL Financial LLC now owns 9,756 shares of the company's stock valued at $1,598,000 after purchasing an additional 4,544 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Grand Canyon Education by 5.7% during the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company's stock valued at $27,388,000 after purchasing an additional 9,083 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in Grand Canyon Education during the 4th quarter valued at $364,000. 94.17% of the stock is owned by institutional investors.

About Grand Canyon Education

(Get Free Report)

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.

Further Reading

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