Grand Canyon Education (NASDAQ:LOPE) Given New $202.00 Price Target at BMO Capital Markets

Grand Canyon Education (NASDAQ:LOPE) had its target price hoisted by BMO Capital Markets from $181.00 to $202.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. Barrington Research raised their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Trading Down 3.0 %

NASDAQ LOPE opened at $181.70 on Friday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.39 and a beta of 0.74. The business’s 50 day moving average is $170.74 and its two-hundred day moving average is $155.40. Grand Canyon Education has a 12-month low of $126.17 and a 12-month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.91% and a net margin of 21.90%. Equities analysts forecast that Grand Canyon Education will post 8.81 earnings per share 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 firm’s stock in a transaction on 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 transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Grand Canyon Education

Large investors have recently made changes to their positions in the stock. Creative Planning raised its stake in Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock valued at $670,000 after purchasing an additional 109 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Grand Canyon Education by 138.7% during the third quarter. Blue Trust Inc. now owns 1,451 shares of the company’s stock worth $203,000 after buying an additional 843 shares in the last quarter. Raymond James & Associates raised its position in shares of Grand Canyon Education by 9.8% in the third quarter. Raymond James & Associates now owns 66,160 shares of the company’s stock valued at $9,385,000 after buying an additional 5,902 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Grand Canyon Education by 14,085.2% during the third quarter. International Assets Investment Management LLC now owns 21,136 shares of the company’s stock valued at $29,980,000 after buying an additional 20,987 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Grand Canyon Education by 1.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,267 shares of the company’s stock worth $1,173,000 after acquiring an additional 146 shares during 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.