Piper Jaffray Companies Reaffirms Buy Rating for Grand Canyon Education (LOPE)
Piper Jaffray Companies reaffirmed their buy rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research note issued to investors on Monday. They currently have a $102.00 price objective on the stock.
LOPE has been the subject of several other research reports. BMO Capital Markets restated a buy rating and issued a $85.00 price objective on shares of Grand Canyon Education in a research report on Monday, September 18th. Robert W. Baird restated a buy rating and issued a $100.00 price objective on shares of Grand Canyon Education in a research report on Friday, December 1st. BidaskClub upgraded shares of Grand Canyon Education from a sell rating to a hold rating in a research report on Monday, August 7th. Barrington Research restated an outperform rating and issued a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Grand Canyon Education from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $100.40.
Shares of Grand Canyon Education (LOPE) traded up $0.31 on Monday, hitting $93.91. The stock had a trading volume of 205,500 shares, compared to its average volume of 286,840. The firm has a market cap of $4,540.00, a P/E ratio of 24.83, a P/E/G ratio of 1.85 and a beta of 1.35. 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 has a fifty-two week low of $56.52 and a fifty-two week high of $96.15.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. The business had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. Grand Canyon Education’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. sell-side analysts anticipate that Grand Canyon Education will post 3.9 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of LOPE. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after purchasing an additional 139 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $225,000. Cubist Systematic Strategies LLC bought a new stake in shares of Grand Canyon Education during the 2nd quarter valued at $227,000. Parametrica Management Ltd bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $227,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $231,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.
About Grand Canyon Education
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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