BMO Capital Markets Lowers Grand Canyon Education (NASDAQ:LOPE) Price Target to $210.00

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

A number of other brokerages also recently issued reports on LOPE. Wall Street Zen downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. 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 note on Wednesday, May 7th.

Grand Canyon Education Price Performance

LOPE stock traded down $1.44 during midday trading on Monday, reaching $172.79. 163,304 shares of the stock were exchanged, compared to its average volume of 183,907. The stock has a market capitalization of $4.90 billion, a PE ratio of 21.68, a P/E/G ratio of 1.33 and a beta of 0.77. Grand Canyon Education has a 52 week low of $130.69 and a 52 week high of $202.28. The company has a fifty day moving average price of $189.57 and a 200 day moving average price of $178.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the previous year, the company posted $2.35 EPS. The business's revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Grand Canyon Education by 41.2% during the second quarter. Farther Finance Advisors LLC now owns 4,397 shares of the company's stock valued at $831,000 after purchasing an additional 1,284 shares during the period. Diversified Trust Co boosted its holdings in shares of Grand Canyon Education by 6.1% in the second quarter. Diversified Trust Co now owns 1,372 shares of the company's stock worth $259,000 after acquiring an additional 79 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Grand Canyon Education by 2.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company's stock worth $552,000 after acquiring an additional 59 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Grand Canyon Education in the second quarter worth $300,000. Finally, Gallacher Capital Management LLC bought a new position in shares of Grand Canyon Education in the second quarter worth $539,000. 94.17% of the stock is owned by institutional investors.

About Grand Canyon Education

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.