Grand Canyon Education (NASDAQ:LOPE) Earns Outperform Rating from Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued to investors on Friday, Benzinga reports. They currently have a $165.00 price target on the stock. Barrington Research’s target price indicates a potential upside of 16.39% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education Price Performance

Shares of LOPE stock traded up $0.41 on Friday, reaching $141.76. 22,876 shares of the stock were exchanged, compared to its average volume of 181,042. Grand Canyon Education has a one year low of $112.38 and a one year high of $157.53. The stock has a market cap of $4.22 billion, a PE ratio of 19.83, a P/E/G ratio of 1.16 and a beta of 0.69. The stock has a 50 day moving average price of $145.01 and a 200 day moving average price of $140.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. On average, research analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Alliance lifted its position in Grand Canyon Education by 3.8% in the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after acquiring an additional 89 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Grand Canyon Education by 4.8% in the fourth quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock valued at $274,000 after purchasing an additional 96 shares in the last quarter. Capital Insight Partners LLC boosted its position in shares of Grand Canyon Education by 2.5% during the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after buying an additional 105 shares during the period. Allegheny Financial Group LTD grew its holdings in shares of Grand Canyon Education by 4.3% during the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock worth $372,000 after buying an additional 109 shares in the last quarter. Finally, Riverwater Partners LLC grew its holdings in shares of Grand Canyon Education by 0.9% during the first quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock worth $1,732,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds 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.