Barrington analyst Alexander Paris maintained a Buy rating on Grand Canyon Education (LOPE) today and set a price target of $135. The company’s shares closed yesterday at $92.44, close to its 52-week low of $86.62.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.8% and a 47.6% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Franklin Covey Company, and Laureate Education Inc.
Currently, the analyst consensus on Grand Canyon Education is a Strong Buy with an average price target of $135.50, which is a 46.6% upside from current levels. In a report issued on January 28, Piper Jaffray also maintained a Buy rating on the stock with a $135 price target.
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Based on Grand Canyon Education’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $33.76 million. In comparison, last year the company had a net profit of $68.26 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.
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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.
