Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $205.00 at Barrington Research

Grand Canyon Education (NASDAQ:LOPE) had its price target boosted by investment analysts at Barrington Research from $180.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 6.82% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Grand Canyon Education Stock Up 4.3 %

NASDAQ LOPE traded up $7.90 on Thursday, reaching $191.92. The company had a trading volume of 161,712 shares, compared to its average volume of 139,608. Grand Canyon Education has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.40 and a beta of 0.74. The stock’s 50 day moving average is $170.38 and its 200-day moving average is $155.18.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. As a group, analysts forecast that Grand Canyon Education will post 8.03 EPS for the current year.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Grand Canyon Education in the third quarter valued at $1,867,000. Thrivent Financial for Lutherans raised its position in shares of Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after buying an additional 209 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after buying an additional 4,901 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Grand Canyon Education by 9.8% during the 3rd quarter. Raymond James & Associates now owns 66,160 shares of the company’s stock worth $9,385,000 after buying an additional 5,902 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

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.