Barrington analyst Alexander Paris reiterated a Buy rating on Grand Canyon Education (LOPE) today and set a price target of $135. The company’s shares closed yesterday at $97.16, close to its 52-week low of $90.67.
Paris wrote:
“We are reiterating our OUTPERFORM investment rating and our 12-month price target of $135, suggesting 38% upside from current levels. We will post additional details (including an updated earnings model) following GCE’s Investor Day, scheduled for this afternoon in Phoenix, Arizona. Education (GCE), incorporated in 2008, is a publicly traded education services company. GCE is uniquely positioned in the education services industry in that its leadership has 30 years of proven expertise in providing a full array of support services in the post- secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior services in these areas on a large scale.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.3% and a 52.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Franklin Covey Company, and Laureate Education Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grand Canyon Education with a $133.33 average price target, implying a 37.2% upside from current levels. In a report released today, Piper Jaffray also maintained a Buy rating on the stock with a $138 price target.
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The company has a one-year high of $130.10 and a one-year low of $90.67. Currently, Grand Canyon Education has an average volume of 348.2K.
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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.
