Grand Canyon Education (NASDAQ:LOPE) Given New $205.00 Price Target at Barrington Research

Grand Canyon Education (NASDAQ:LOPE) had its target price increased by Barrington Research from $180.00 to $205.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on LOPE. Robert W. Baird lifted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets increased their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Price Performance

LOPE stock opened at $187.27 on Thursday. Grand Canyon Education has a 12 month low of $126.17 and a 12 month high of $192.18. The firm’s 50-day moving average is $170.38 and its 200 day moving average is $155.18. The company has a market capitalization of $5.46 billion, a PE ratio of 24.20, a P/E/G ratio of 1.39 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.91%. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Sell-side analysts forecast that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

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 value of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

A number of institutional investors have recently modified their holdings of LOPE. GeoWealth Management LLC purchased a new stake in Grand Canyon Education during the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Grand Canyon Education during the fourth quarter worth $27,000. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $28,000. True Wealth Design LLC acquired a new stake in shares of Grand Canyon Education in the 3rd quarter worth $31,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Grand Canyon Education during the 4th quarter worth $32,000. 94.17% of the stock is currently owned by institutional investors.

About Grand Canyon Education

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.