Grand Canyon Education, Inc. (LOPE) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) from a hold rating to a buy rating in a research note issued to investors on Friday, November 3rd. The firm currently has $100.00 target price on the stock.

According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “

A number of other equities research analysts also recently issued reports on LOPE. BidaskClub downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a research report on Wednesday, July 19th. Barrington Research restated an outperform rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Friday, September 1st. BMO Capital Markets restated a buy rating and set a $85.00 price target on shares of Grand Canyon Education in a research note on Monday, September 18th. Finally, Piper Jaffray Companies raised their target price on shares of Grand Canyon Education from $83.00 to $92.00 and gave the company an overweight rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $97.40.

Grand Canyon Education (NASDAQ LOPE) traded down $1.02 during trading on Friday, hitting $89.77. 128,173 shares of the stock traded hands, compared to its average volume of 289,516. The company has a market capitalization of $4,320.00, a PE ratio of 23.89, a PEG ratio of 1.78 and a beta of 1.34. Grand Canyon Education has a twelve month low of $56.40 and a twelve month high of $95.51. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.07.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. The firm had revenue of $236.21 million during the quarter, compared to analysts’ expectations of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. equities research analysts forecast that Grand Canyon Education will post 3.9 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its holdings in Grand Canyon Education by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock valued at $558,000 after purchasing an additional 19 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Grand Canyon Education by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock worth $284,000 after acquiring an additional 48 shares during the last quarter. Granite Investment Partners LLC raised its stake in shares of Grand Canyon Education by 0.4% in the second quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock worth $1,697,000 after acquiring an additional 87 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Grand Canyon Education by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after acquiring an additional 139 shares during the last quarter. Finally, Wrapmanager Inc. raised its stake in shares of Grand Canyon Education by 3.3% in the second quarter. Wrapmanager Inc. now owns 4,650 shares of the company’s stock worth $365,000 after acquiring an additional 147 shares during the last quarter. 96.75% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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