Truist Financial Initiates Coverage on Grand Canyon Education (NASDAQ:LOPE)

Equities research analysts at Truist Financial initiated coverage on shares of Grand Canyon Education (NASDAQ:LOPE) in a report released on Tuesday,Benzinga reports. The firm set a “buy” rating and a $200.00 price target on the stock. Truist Financial’s price target would suggest a potential upside of 34.60% from the company’s current price.

A number of other equities analysts have also commented on LOPE. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $213.33.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $148.59 on Tuesday. The company has a 50 day moving average price of $163.39 and a 200 day moving average price of $164.67. Grand Canyon Education has a 52 week low of $145.00 and a 52 week high of $223.04. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.00 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The firm had revenue of $308.76 million during the quarter, compared to analyst estimates of $307.75 million. During the same quarter last year, the business posted $2.57 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Equities analysts forecast that Grand Canyon Education will post 10.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $25,000. Toronto Dominion Bank bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $26,000. Larson Financial Group LLC raised its holdings in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Leonteq Securities AG raised its holdings in shares of Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Finally, Financial Life Planners bought a new position in shares of Grand Canyon Education during the 1st quarter valued at $33,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.