Grand Canyon Education (NASDAQ:LOPE) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Barrington Research reissued a “buy” rating and issued a $135.00 price target on shares of Grand Canyon Education in a report on Friday, October 5th. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Finally, Piper Jaffray Companies boosted their price target on shares of Grand Canyon Education from $117.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, July 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $133.20.

Shares of LOPE stock opened at $120.41 on Thursday. Grand Canyon Education has a 1 year low of $83.52 and a 1 year high of $123.30. The firm has a market cap of $5.44 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.44 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73.

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

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Grand Canyon Education in the 2nd quarter valued at $118,000. We Are One Seven LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth about $202,000. HRT Financial LLC bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth about $213,000. V Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth about $219,000. Finally, Mackay Shields LLC bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth about $257,000. 94.24% 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.

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