BidaskClub downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a research note released on Friday morning.

Several other brokerages also recently weighed in on LOPE. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $123.00 to $130.00 and gave the company an outperform rating in a research report on Thursday, August 9th. Robert W. Baird raised their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an outperform rating in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $134.00 target price on the stock in a research note on Thursday, September 6th. Barrington Research raised their target price on shares of Grand Canyon Education from $117.00 to $135.00 and gave the company an outperform rating in a research note on Monday, July 9th. Finally, Piper Jaffray Companies raised their target price on shares of Grand Canyon Education from $117.00 to $142.00 and gave the company an overweight rating in a research note on Tuesday, July 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $133.20.

NASDAQ LOPE opened at $111.08 on Friday. Grand Canyon Education has a 12 month low of $80.87 and a 12 month high of $123.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.45 and a beta of 1.20.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The company had revenue of $236.82 million for the quarter, compared to the consensus estimate of $235.13 million. During the same period last year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. research analysts expect that Grand Canyon Education will post 4.89 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in Grand Canyon Education during the 2nd quarter valued at about $118,000. Ostrum Asset Management acquired a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $132,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $201,000. HRT Financial LLC acquired a new position in shares of Grand Canyon Education in the 2nd quarter worth approximately $213,000. Finally, V Wealth Management LLC acquired a new position in shares of Grand Canyon Education in the 2nd quarter worth approximately $219,000. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

About Grand Canyon Education

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.

Further Reading: Earnings Per Share

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