Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $222.00

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) had its price target upped by equities researchers at BMO Capital Markets from $208.00 to $222.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 14.05% from the company's current price.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research increased 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.

Grand Canyon Education Price Performance

NASDAQ:LOPE traded up $0.66 during trading hours on Thursday, reaching $194.65. The company's stock had a trading volume of 10,310 shares, compared to its average volume of 179,166. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. Grand Canyon Education has a one year low of $130.69 and a one year high of $202.28. The business's 50-day moving average is $178.81 and its 200-day moving average is $172.68.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 EPS. On average, sell-side analysts predict that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Grand Canyon Education

A number of institutional investors have recently added to or reduced their stakes in LOPE. Norges Bank acquired a new position in Grand Canyon Education during the fourth quarter worth $57,838,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $38,066,000. GAMMA Investing LLC raised its stake in shares of Grand Canyon Education by 22,988.8% in the first quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock valued at $35,594,000 after acquiring an additional 204,830 shares during the last quarter. FMR LLC boosted its holdings in shares of Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after acquiring an additional 189,843 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock worth $66,828,000 after acquiring an additional 171,261 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

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.

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