BMO Capital Markets Has Lowered Expectations for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) had its price target cut by research analysts at BMO Capital Markets from $222.00 to $210.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 21.53% from the company's previous close.

A number of other research analysts have also issued reports on the company. Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

Grand Canyon Education Stock Down 0.8%

Shares of NASDAQ LOPE traded down $1.44 during midday trading on Monday, hitting $172.79. The stock had a trading volume of 163,304 shares, compared to its average volume of 184,162. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.32 and a beta of 0.77. Grand Canyon Education has a 1-year low of $130.69 and a 1-year high of $202.28. The company has a fifty day moving average price of $189.57 and a 200 day moving average price of $178.88.

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

Institutional Trading of Grand Canyon Education

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Grand Canyon Education by 13.1% during the fourth quarter. Victory Capital Management Inc. now owns 11,394 shares of the company's stock worth $1,866,000 after purchasing an additional 1,319 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth $10,262,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,256 shares of the company's stock worth $1,189,000 after purchasing an additional 415 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth $1,317,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Grand Canyon Education by 268.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,021 shares of the company's stock worth $167,000 after purchasing an additional 744 shares during the period. Institutional investors own 94.17% of the company's stock.

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.