Grand Canyon Education (NASDAQ:LOPE) Price Target Cut to $116.00 by Analysts at BMO Capital Markets

Grand Canyon Education (NASDAQ:LOPE) had its target price lowered by BMO Capital Markets from $126.00 to $116.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. ValuEngine upgraded shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Wednesday, September 4th. Robert W. Baird set a $145.00 price target on shares of Grand Canyon Education and gave the stock a buy rating in a research note on Wednesday, July 31st. Barrington Research set a $145.00 price target on shares of Grand Canyon Education and gave the stock a buy rating in a research note on Wednesday, October 9th. Zacks Investment Research cut shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Wednesday, October 9th. Finally, BidaskClub cut shares of Grand Canyon Education from a sell rating to a strong sell rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Grand Canyon Education currently has a consensus rating of Buy and a consensus price target of $119.50.

Grand Canyon Education stock traded down $3.19 during mid-day trading on Thursday, hitting $84.89. 1,074,500 shares of the company’s stock were exchanged, compared to its average volume of 368,573. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $97.66 and a two-hundred day moving average of $114.69. Grand Canyon Education has a 1-year low of $76.48 and a 1-year high of $132.72. The stock has a market cap of $4.44 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.14 and a beta of 0.65.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 6th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.09. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The business had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. As a group, research analysts predict that Grand Canyon Education will post 5.39 EPS for the current fiscal year.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $126.20, for a total transaction of $252,400.00. Following the completion of the transaction, the insider now owns 58,809 shares in the company, valued at $7,421,695.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dilek Marsh sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $126.83, for a total transaction of $126,830.00. Following the transaction, the insider now owns 26,624 shares of the company’s stock, valued at approximately $3,376,721.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,000 shares of company stock valued at $596,730. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Investment Management Group LLC increased its holdings in shares of Grand Canyon Education by 76.6% during the second quarter. Stephens Investment Management Group LLC now owns 322,857 shares of the company’s stock worth $37,781,000 after buying an additional 140,004 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Grand Canyon Education during the second quarter worth approximately $495,000. Tiverton Asset Management LLC increased its holdings in shares of Grand Canyon Education by 140.1% during the second quarter. Tiverton Asset Management LLC now owns 5,833 shares of the company’s stock worth $683,000 after buying an additional 3,404 shares in the last quarter. Tyers Asset Management LLC increased its holdings in shares of Grand Canyon Education by 138.9% during the second quarter. Tyers Asset Management LLC now owns 2,408 shares of the company’s stock worth $282,000 after buying an additional 1,400 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Grand Canyon Education by 14.9% during the second quarter. OLD National Bancorp IN now owns 4,220 shares of the company’s stock worth $494,000 after buying an additional 546 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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