Barrington analyst Alexander Paris maintained a Buy rating on Grand Canyon Education (NASDAQ: LOPE) today and set a price target of $135. The company’s shares opened today at $113.88.
Paris noted:
“We believe this deal will be beneficial to long‐term shareholders as it de‐risks LOPE as an investment (as LOPE no longer owns a regulated postsecondary education institution) and positions the new LOPE to trade more in line with other education technology providers. Post transition, LOPE will be a smaller company (60% of GCU’s revenue), higher margin, faster growing (as it adds university partners over time) and significantly less regulated, allowing for potential multiple expansion.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.2% and a 50.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
Currently, the analyst consensus on Grand Canyon Education is a Strong Buy with an average price target of $133.50.
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The company has a one-year high of $123.30 and a one-year low of $83.52. Currently, Grand Canyon Education has an average volume of 403.3K.
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Grand Canyon Education, Inc. engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.
