Robert W. Baird Raises Grand Canyon Education (NASDAQ:LOPE) Price Target to $111.00

Grand Canyon Education (NASDAQ:LOPEGet Rating) had its target price boosted by equities research analysts at Robert W. Baird from $95.00 to $111.00 in a research report issued on Thursday, The Fly reports. Robert W. Baird’s target price points to a potential upside of 17.45% from the company’s current price.

LOPE has been the topic of a number of other reports. Berenberg Bank lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating and decreased their target price for the stock from $110.00 to $86.00 in a research note on Friday, January 28th. Barrington Research decreased their target price on shares of Grand Canyon Education from $100.00 to $90.00 in a research note on Thursday, February 17th. BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $105.00 to $92.00 in a research note on Friday, February 18th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b” rating in a research report on Tuesday, April 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Grand Canyon Education has a consensus rating of “Buy” and an average price target of $100.00.

Shares of Grand Canyon Education stock opened at $94.51 on Thursday. The firm’s 50-day moving average price is $96.34 and its 200 day moving average price is $87.31. Grand Canyon Education has a twelve month low of $70.00 and a twelve month high of $102.04. The firm has a market capitalization of $3.10 billion, a PE ratio of 15.80, a P/E/G ratio of 1.08 and a beta of 0.50.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Grand Canyon Education had a net margin of 26.59% and a return on equity of 18.37%. The business had revenue of $244.13 million for the quarter, compared to analyst estimates of $241.78 million. During the same period last year, the company posted $1.72 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Grand Canyon Education will post 5.82 EPS for the current fiscal year.

In other news, insider Kathy J. Claypatch sold 800 shares of Grand Canyon Education stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $92.16, for a total transaction of $73,728.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Riverbridge Partners LLC increased its holdings in Grand Canyon Education by 6.7% in the 1st quarter. Riverbridge Partners LLC now owns 2,971,340 shares of the company’s stock valued at $288,547,000 after purchasing an additional 186,588 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in Grand Canyon Education by 6.3% in the 4th quarter. Van Berkom & Associates Inc. now owns 1,417,954 shares of the company’s stock valued at $121,533,000 after purchasing an additional 83,431 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Grand Canyon Education by 38.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,389,158 shares of the company’s stock valued at $122,190,000 after purchasing an additional 383,417 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Grand Canyon Education by 3.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 957,800 shares of the company’s stock valued at $82,093,000 after purchasing an additional 34,708 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in Grand Canyon Education by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 823,739 shares of the company’s stock valued at $70,603,000 after purchasing an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

Grand Canyon Education Company Profile (Get Rating)

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

Read More

The Fly logo

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.