Grand Canyon Education (NASDAQ:LOPE) Earns “Outperform” Rating from Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $205.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 16.55% from the company’s current price.

LOPE has been the subject of several other research reports. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $1.78 during midday trading on Tuesday, hitting $175.89. 16,597 shares of the company’s stock traded hands, compared to its average volume of 191,814. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The firm has a fifty day moving average of $175.21 and a 200 day moving average of $163.86. Grand Canyon Education has a 1 year low of $126.17 and a 1 year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. On average, equities analysts anticipate that Grand Canyon Education will post 8.81 earnings per share for the current year.

Hedge Funds Weigh In On Grand Canyon Education

Hedge funds have recently made changes to their positions in the business. GeoWealth Management LLC bought a new stake in Grand Canyon Education during the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Grand Canyon Education in the fourth quarter worth $32,000. Financial Life Planners bought a new position in shares of Grand Canyon Education during the fourth quarter worth $37,000. Finally, UMB Bank n.a. grew its stake in Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock valued at $55,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.