Grand Canyon Education (NASDAQ:LOPE) Receives Outperform Rating from Barrington Research

Key Points

• Grand Canyon Education has had its "outperform" rating reiterated by Barrington Research, with a price target of $230.00, indicating a potential upside of 7.05% from its previous close.
• Recent earnings results show the company reported $1.53 earnings per share, exceeding estimates, and an 8.8% increase in revenue compared to the same quarter last year.
• Institutional investors own 94.17% of Grand Canyon Education shares, reflecting strong interest among major financial players.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $230.00 target price on the stock. Barrington Research's price target would indicate a potential upside of 7.05% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a report on Monday, July 7th. Weiss Ratings restated a "buy (b+)" rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Zacks Research lowered shares of Grand Canyon Education from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Grand Canyon Education has an average rating of "Moderate Buy" and an average price target of $208.67.

Grand Canyon Education Stock Up 1.0%

LOPE stock traded up $2.22 during mid-day trading on Tuesday, reaching $214.86. 26,559 shares of the company traded hands, compared to its average volume of 219,580. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.56 and a beta of 0.76. Grand Canyon Education has a fifty-two week low of $130.69 and a fifty-two week high of $220.79. The firm's 50 day moving average price is $207.67 and its 200 day moving average price is $191.14.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The firm had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company's revenue was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

A number of institutional investors have recently bought and sold shares of the stock. Mather Group LLC. purchased a new stake in Grand Canyon Education in the third quarter worth about $29,000. SVB Wealth LLC bought a new position in Grand Canyon Education in the first quarter worth approximately $26,000. True Wealth Design LLC raised its position in shares of Grand Canyon Education by 46.0% during the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company's stock valued at $45,000 after purchasing an additional 64 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grand Canyon Education during the first quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Grand Canyon Education by 5,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company's stock worth $50,000 after purchasing an additional 224 shares during the last quarter. 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.

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