Barrington Research reaffirmed their buy rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report report published on Monday. Barrington Research currently has a $115.00 target price on the stock.

“We believe this premium is warranted given its differentiated business model and the high potential for consistently strong earnings growth (it has beaten analysts’ estimates for 29 consecutive quarters), as its traditional ground campus capacity expands. Furthermore, with the approval of the GCU sale, significant incremental value could be unlocked for LOPE shareholders as revenue growth will be enhanced through additional contracts, minimal (if any) dilution to earnings and a higher multiple (potentially) on those earnings. As such, we are reiterating our OUTPERFORM rating and our 12-month price target of $115.”,” the firm’s analyst wrote.

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A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Grand Canyon Education from a buy rating to a hold rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a report on Friday, February 2nd. BidaskClub raised Grand Canyon Education from a hold rating to a buy rating in a report on Friday, February 16th. Robert W. Baird reaffirmed an outperform rating and set a $105.00 price target (up previously from $100.00) on shares of Grand Canyon Education in a report on Thursday, February 22nd. Finally, Piper Jaffray lifted their price target on Grand Canyon Education to $114.00 and gave the company an overweight rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Grand Canyon Education currently has an average rating of Buy and an average price target of $109.60.

Shares of NASDAQ LOPE opened at $109.96 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. Grand Canyon Education has a 52-week low of $68.82 and a 52-week high of $111.34. The stock has a market capitalization of $5,288.00, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.19.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The firm had revenue of $271.42 million for the quarter, compared to analysts’ expectations of $268.42 million. During the same quarter last year, the company posted $1.01 earnings per share. Grand Canyon Education’s revenue was up 10.9% on a year-over-year basis. analysts anticipate that Grand Canyon Education will post 4.7 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in shares of Grand Canyon Education by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 13,001 shares of the company’s stock valued at $1,181,000 after buying an additional 2,109 shares during the last quarter. Swiss National Bank raised its holdings in shares of Grand Canyon Education by 3.0% during the fourth quarter. Swiss National Bank now owns 77,900 shares of the company’s stock valued at $6,974,000 after buying an additional 2,300 shares during the last quarter. Suntrust Banks Inc. bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $348,000. Legal & General Group Plc raised its holdings in shares of Grand Canyon Education by 23.4% during the third quarter. Legal & General Group Plc now owns 20,782 shares of the company’s stock valued at $1,881,000 after buying an additional 3,937 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Grand Canyon Education by 151.0% during the fourth quarter. Teacher Retirement System of Texas now owns 15,620 shares of the company’s stock valued at $1,398,000 after buying an additional 9,396 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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