BMO Capital Markets Trims Grand Canyon Education (NASDAQ:LOPE) Target Price to $116.00

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Grand Canyon Education (NASDAQ:LOPE) had its price objective cut by BMO Capital Markets from $126.00 to $116.00 in a report published on Thursday morning, The Fly reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. BidaskClub lowered Grand Canyon Education from a sell rating to a strong sell rating in a report on Tuesday, October 22nd. Robert W. Baird set a $145.00 price target on Grand Canyon Education and gave the company a buy rating in a research note on Wednesday, July 31st. ValuEngine raised Grand Canyon Education from a hold rating to a buy rating in a research note on Wednesday, September 4th. Barrington Research set a $145.00 price target on Grand Canyon Education and gave the company a buy rating in a research note on Wednesday, October 9th. Finally, Zacks Investment Research lowered Grand Canyon Education from a buy rating to a hold rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $119.50.

Shares of NASDAQ:LOPE traded down $3.19 during trading on Thursday, hitting $84.89. The company’s stock had a trading volume of 1,074,500 shares, compared to its average volume of 368,573. Grand Canyon Education has a fifty-two week low of $76.48 and a fifty-two week high of $132.72. The company has a market capitalization of $4.44 billion, a PE ratio of 16.68, a PEG ratio of 1.14 and a beta of 0.65. The stock’s 50-day moving average price is $97.66 and its two-hundred day moving average price is $114.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The business had revenue of $193.30 million during the quarter, compared to analyst estimates of $191.75 million. During the same period in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts predict that Grand Canyon Education will post 5.39 earnings per share for the current fiscal year.

In other news, insider Dilek Marsh sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $126.83, for a total transaction of $126,830.00. Following the completion of the sale, the insider now directly owns 26,624 shares of the company’s stock, valued at approximately $3,376,721.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $126.20, for a total value of $252,400.00. Following the sale, the insider now directly owns 58,809 shares of the company’s stock, valued at $7,421,695.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,000 shares of company stock valued at $596,730. 2.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Grand Canyon Education during the 2nd quarter worth $35,000. Quest Capital Management Inc. ADV bought a new stake in shares of Grand Canyon Education during the 3rd quarter worth $45,000. Marshall Wace LLP bought a new stake in shares of Grand Canyon Education during the 1st quarter worth $77,000. Captrust Financial Advisors boosted its stake in shares of Grand Canyon Education by 15.6% during the 2nd quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock worth $96,000 after acquiring an additional 110 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of Grand Canyon Education by 85.9% during the 2nd quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock worth $125,000 after acquiring an additional 494 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Company Profile

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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