Robert W. Baird Raises Grand Canyon Education (NASDAQ:LOPE) Price Target to $186.00

Grand Canyon Education (NASDAQ:LOPE) had its price target boosted by equities research analysts at Robert W. Baird from $170.00 to $186.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 16.26% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barrington Research upped their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday.

Grand Canyon Education Price Performance

LOPE traded down $0.16 during trading hours on Thursday, reaching $159.99. The company’s stock had a trading volume of 214,623 shares, compared to its average volume of 178,278. The business’s 50-day moving average is $139.01 and its 200-day moving average is $141.20. Grand Canyon Education has a fifty-two week low of $118.48 and a fifty-two week high of $161.65. The stock has a market cap of $4.71 billion, a PE ratio of 21.54, a P/E/G ratio of 1.15 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. Analysts expect that Grand Canyon Education will post 7.98 EPS for the current year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Grand Canyon Education

Hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after purchasing an additional 19,577 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Grand Canyon Education in the 3rd quarter worth $1,440,000. Empowered Funds LLC lifted its holdings in Grand Canyon Education by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock valued at $1,424,000 after buying an additional 421 shares in the last quarter. KBC Group NV raised its stake in shares of Grand Canyon Education by 22.0% during the 3rd quarter. KBC Group NV now owns 944 shares of the company’s stock worth $134,000 after acquiring an additional 170 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Grand Canyon Education by 2.2% during the 3rd quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock worth $1,429,000 after purchasing an additional 219 shares during 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.