Barrington analyst Alexander Paris reiterated a Buy rating on Grand Canyon Education (LOPE) today and set a price target of $145. The company’s shares closed yesterday at $120.08.
Paris commented:
“We are reiterating our OUTPERFORM rating. We are raising our 12-month price target to $145 (from $135), suggesting more than 20% upside from current levels. Opinion OUTPERFORM (12 mo) $145 21% LT EPS Cap (mil) $5,806 Enterprise Value (mil) $5,948 Shares Outstanding (mil) 48.353 Volume 355,450 Financial / Equity (LTM) 17.6% LT Jr., CFA (312) 634-6352 634-6343 FactSet Research Systems Revenue ($ mil)(est. in EPS ($)(est.”
According to TipRanks.com, Paris is a 3-star analyst with an average return of 2.3% and a 46.5% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grand Canyon Education with a $140 average price target, which is a 16.6% upside from current levels. In a report issued on July 31, Robert W. Baird also maintained a Buy rating on the stock with a $145 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 356.7K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2019, Daniel Bachus, the CFO of LOPE sold 20,000 shares for a total of $2,521,800.
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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.
