BidaskClub Downgrades Grand Canyon Education (LOPE) to Hold

Grand Canyon Education (NASDAQ:LOPE) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other research analysts also recently commented on LOPE. Barrington Research restated an “outperform” rating and issued a $89.00 target price (up previously from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a research note on Monday, September 18th. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies upped their price target on Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Buy” and a consensus target price of $100.40.

Grand Canyon Education (NASDAQ LOPE) opened at $93.60 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. Grand Canyon Education has a 52 week low of $56.52 and a 52 week high of $96.15. The company has a market capitalization of $4,443.96, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The firm had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts forecast that Grand Canyon Education will post 3.9 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Grand Canyon Education by 92.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 44,939 shares of the company’s stock worth $4,081,000 after acquiring an additional 21,609 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Grand Canyon Education by 19.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 13,001 shares of the company’s stock worth $1,181,000 after acquiring an additional 2,109 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Grand Canyon Education by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 156,710 shares of the company’s stock worth $14,232,000 after acquiring an additional 10,010 shares in the last quarter. Granahan Investment Management Inc. MA lifted its position in shares of Grand Canyon Education by 1.1% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 215,106 shares of the company’s stock worth $19,536,000 after purchasing an additional 2,347 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Grand Canyon Education by 76.1% during the 3rd quarter. Janus Henderson Group PLC now owns 135,614 shares of the company’s stock worth $12,316,000 after purchasing an additional 58,624 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “BidaskClub Downgrades Grand Canyon Education (LOPE) to Hold” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/07/bidaskclub-downgrades-grand-canyon-education-lope-to-hold.html.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

Receive News & Ratings for Grand Canyon Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply