Grand Canyon Education Inc (LOPE) was Reiterated by Piper Jaffray to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 53 from a previous price target of $49 . Piper Jaffray advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, Grand Canyon Education Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $191.30 million for the quarter, compared to analysts expectations of $189.09 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Grand Canyon Education Inc closed down -0.09 points or -0.22% at $41.66 with 1,66,907 shares getting traded on Thursday. Post opening the session at $42.11, the shares hit an intraday low of $41.34 and an intraday high of $42.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 16, 2016, Daniel E Bachus (Chief Financial Officer) sold 17,500 shares at $41.64 per share price. According to the SEC, on May 16, 2016, Brian E Mueller (President & CEO) sold 100,000 shares at $41.64 per share price. On May 16, 2016, Joseph N Mildenhall (Chief Information Officer) sold 25,000 shares at $41.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Grand Canyon Education Inc. is engaged in the provision of postsecondary education. The Company is comprehensive regionally accredited university that offers 160 graduate and undergraduate degree programs through its eight colleges both online and on ground at its approximately 205 acre campus in Phoenix Arizona and onsite at facilities it leases and at facilities owned by third-party employers. The Company offers the degrees of Doctor of Education Doctor of Business Administration Doctor of Philosophy Master of Arts Master of Education Master of Business Administration and Executive Master of Business Administration Master of Public Administration Master of Public Health Master of Science Bachelor of Arts and Bachelor of Science and a range of programs for its degrees. It also offers certificate programs which consist of a series of courses focused on a particular area of study.