BMO Capital Markets Raises Grand Canyon Education (NASDAQ:LOPE) Price Target to $202.00

Grand Canyon Education (NASDAQ:LOPE) had its target price raised by investment analysts at BMO Capital Markets from $181.00 to $202.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.17% from the company’s current price.

LOPE has been the subject of several other research reports. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird increased their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research increased their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $181.70 on Friday. Grand Canyon Education has a 1 year low of $126.17 and a 1 year high of $192.18. The firm has a market cap of $5.22 billion, a PE ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 0.74. The stock has a fifty day moving average price of $171.04 and a 200-day moving average price of $155.64.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. As a group, equities analysts anticipate that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Grand Canyon Education

Large investors have recently modified their holdings of the business. GeoWealth Management LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $32,000. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $28,000. Finally, True Wealth Design LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $31,000. Institutional investors own 94.17% of the company’s stock.

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.