Weekly Research Analysts’ Ratings Updates for Grand Canyon Education (LOPE)

Several brokerages have updated their recommendations and price targets on shares of Grand Canyon Education (NASDAQ: LOPE) in the last few weeks:

• 8/15/2024 – Grand Canyon Education was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/7/2024 – Grand Canyon Education had its price target raised by analysts at BMO Capital Markets from $160.00 to $162.00. They now have an “outperform” rating on the stock.
• 8/7/2024 – Grand Canyon Education had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $165.00 price target on the stock.
• 8/7/2024 – Grand Canyon Education was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $0.32 during trading on Tuesday, reaching $139.82. The company had a trading volume of 9,018 shares, compared to its average volume of 188,369. Grand Canyon Education, Inc. has a 52 week low of $110.42 and a 52 week high of $157.53. The business’s 50 day moving average price is $143.65 and its 200-day moving average price is $138.53. The stock has a market cap of $4.16 billion, a PE ratio of 19.56, a PEG ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Equities analysts anticipate that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current year.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after acquiring an additional 283 shares during the period. GAMMA Investing LLC acquired a new stake in Grand Canyon Education during the 4th quarter worth $54,000. Daiwa Securities Group Inc. grew its holdings in Grand Canyon Education by 41.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after acquiring an additional 145 shares during the period. Blue Trust Inc. grew its holdings in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after acquiring an additional 533 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Grand Canyon Education during the 4th quarter worth $101,000. 94.17% of the stock is owned by institutional investors.

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.