Grand Canyon Education, Inc. (NASDAQ:LOPE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Grand Canyon Education has a “Moderate Buy” consensus rating from five analysts, with three buy ratings and two holds. The average 12-month price target is approximately $161.67.
• The company exceeded quarterly expectations, reporting EPS of $1.81 versus the $1.67 consensus and revenue of $264.05 million, up 6.7% year over year.
• Institutional investors own 94.17% of LOPE, while the stock recently traded at $153.87, within a 52-week range of $134.27 to $223.04.

Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $161.6667.

A number of analysts have issued reports on LOPE shares. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings downgraded shares of Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 25th. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Sunday, August 9th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its position in Grand Canyon Education by 13.6% during the second quarter. Sequoia Financial Advisors LLC now owns 2,490 shares of the company's stock worth $356,000 after buying an additional 298 shares in the last quarter. Tidal Investments LLC raised its holdings in Grand Canyon Education by 353.0% in the 2nd quarter. Tidal Investments LLC now owns 12,778 shares of the company's stock valued at $1,829,000 after acquiring an additional 9,957 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Grand Canyon Education by 37.7% in the 2nd quarter. Engineers Gate Manager LP now owns 46,565 shares of the company's stock valued at $6,664,000 after acquiring an additional 12,744 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Grand Canyon Education by 330.8% in the 2nd quarter. Squarepoint Ops LLC now owns 8,314 shares of the company's stock worth $1,190,000 after acquiring an additional 6,384 shares during the period. Finally, Nykredit A S bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth approximately $333,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Price Performance

LOPE stock opened at $153.87 on Thursday. Grand Canyon Education has a 52-week low of $134.27 and a 52-week high of $223.04. The company has a 50-day moving average of $147.93 and a two-hundred day moving average of $155.55. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.14. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The business had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. During the same period in the previous year, the company posted $1.53 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts expect that Grand Canyon Education will post 10.22 EPS for the current fiscal year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company's offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.

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