Barrington analyst Alexander Paris reiterated a Buy rating on Grand Canyon Education (LOPE) today and set a price target of $150. The company’s shares opened today at $125, close to its 52-week high of $130.10.
Paris noted:
“We believe this deal will be beneficial to shareholders as it de-risks LOPE as an investment (as GCE no longer owns a regulated postsecondary education institution) and positions the company to trade more in line with other EdTech companies.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 10.2% and a 58.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Grand Canyon Education with a $150 average price target.
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Grand Canyon Education’s market cap is currently $6.24B and has a P/E ratio of 27.58. The company has a Price to Book ratio of 5.67.
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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.
