Zacks Investment Research upgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a strong sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “

A number of other research firms have also weighed in on LOPE. BidaskClub upgraded Grand Canyon Education from a buy rating to a strong-buy rating in a research report on Tuesday, July 17th. BMO Capital Markets increased their price target on Grand Canyon Education from $123.00 to $130.00 and gave the company an outperform rating in a research report on Thursday, August 9th. Robert W. Baird increased their price target on Grand Canyon Education from $122.00 to $125.00 and gave the company an outperform rating in a research report on Thursday, August 9th. Barrington Research increased their price target on Grand Canyon Education from $117.00 to $135.00 and gave the company an outperform rating in a research report on Monday, July 9th. Finally, Piper Jaffray Companies increased their price target on Grand Canyon Education from $117.00 to $142.00 and gave the company an overweight rating in a research report on Tuesday, July 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $131.00.

NASDAQ:LOPE traded down $0.47 during mid-day trading on Tuesday, reaching $120.85. 6,839 shares of the stock were exchanged, compared to its average volume of 353,766. The firm has a market cap of $5.60 billion, a P/E ratio of 30.49, a PEG ratio of 1.44 and a beta of 1.17. Grand Canyon Education has a 1-year low of $78.83 and a 1-year high of $122.19. The company has a quick ratio of 5.73, a current ratio of 5.73 and a debt-to-equity ratio of 0.05.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $236.82 million for the quarter, compared to analyst estimates of $235.13 million. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. Grand Canyon Education’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. sell-side analysts expect that Grand Canyon Education will post 4.88 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in shares of Grand Canyon Education in the 2nd quarter valued at $118,000. Ostrum Asset Management acquired a new stake in Grand Canyon Education during the 1st quarter worth about $132,000. O Shaughnessy Asset Management LLC acquired a new stake in Grand Canyon Education during the 1st quarter worth about $201,000. HRT Financial LLC acquired a new stake in Grand Canyon Education during the 2nd quarter worth about $213,000. Finally, Wedbush Securities Inc. acquired a new stake in Grand Canyon Education during the 1st quarter worth about $201,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

See Also: Book Value Per Share – BVPS

Get a free copy of the Zacks research report on Grand Canyon Education (LOPE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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