Zacks Investment Research has shares of Grand Canyon Education (NASDAQ: LOPE) from a strong sell-rating to a hold-rating in a research report released on Tuesday, August 14th.
According to Zacks, "Grand Canyon Education, Inc. is a regionally accredited provider of online post-secondary education focused on providing graduate and undergraduate courses in its core disciplines of education, business and health." In addition to the online programs, the program provides a # & # 39; 39; s on the traditional campus in Phoenix, Arizona and on site at employers' facilities. "
Other equity research analysts have also published research reports on the shares. Barrington Research repeated a buy rating and published a target price of $ 135.00 on Grand Canyon Education shares in a study letter on Friday, August 10. BidaskClub reduced Grand Canyon Education shares from a strong buy-rating to a buy-rating in a study letter on Wednesday 8 August. Robert W. Baird raised their target price on Grand Canyon Education shares from $ 122.00 to $ 125.00 and gave the company a better result in a research report on Thursday, August 9th. BMO Capital Markets raised their target price on Grand Canyon Education shares from $ 123.00 to $ 130.00 and gave the company a compelling rating in a study letter on Thursday, August 9th. Finally, Piper Jaffray Companies increased their target price on Grand Canyon Education shares from $ 117.00 to $ 142.00 and gave the company an overweight rating in a research report on Tuesday, July 3. They noted that the move was a valuation call. One investment analyst assessed the shares with a hold rating, five gave a buy rating and one gave a strong buy-rating to the shares. The stock currently has a consensus score of Buy and an average target price of $ 131.00.
LOPE shares traded $ 0.62 during trading on Tuesday and reached $ 122.60. The share had a trading volume of 2,345 shares, compared to the average volume of 451,536. Grand Canyon Education has a 1-year low of $ 78.83 and a 1-year high of $ 122.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. The company has a market capitalization of $ 5.82 billion, a P / E ratio of 30.68, a P / E / G ratio of 1.50 and a beta of 1.17.
Grand Canyon Education (NASDAQ: LOPE) last published its quarterly results on Wednesday 8 August. The company reported earnings per share of $ 0.95 this quarter, with analysts consensus of $ 0.85 with $ 0.10. The company had sales of $ 236.82 million for the quarter compared with analyst estimates of $ 235.13 million. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The turnover of the company increased by 8.5% compared to the same quarter last year. During the same quarter of the previous year, the company recorded $ 0.83 EPS. sell-side analysts anticipate that Grand Canyon Education will publish 4.89 EPS for the current year.
Several large investors have recently changed their positions in LOPE. Tower Research Capital LLC In the second quarter, TRC bought a new share in Grand Canyon Education shares worth approximately $ 118,000. Ostrum Asset Management purchased a new share in Grand Canyon Education shares worth approximately $ 132,000 in the first quarter. Wedbush Securities Inc. bought in the first quarter a new share in Grand Canyon Education shares worth about $ 201,000. O Shaughnessy Asset Management LLC purchased a new share in Grand Canyon Education shares worth approximately $ 201,000 in the first quarter. Finally, HRT Financial LLC acquired a new stake in Grand Canyon Education shares during the second quarter, valued at approximately $ 213,000. 94.32% of the shares are held by institutional investors and hedge funds.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc., along with its subsidiaries, provides educational services in the United States and Canada. The company operates the Grand Canyon University which offers approximately 225 graduate and undergraduate degree programs and certificates in 9 online and on-ground colleges via the campus in Phoenix, Arizona; rented facilities; and facilities owned by external employers.
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