BMO Capital analyst Jeffrey Silber maintains $Grand Canyon Education (LOPE.US)$ with a buy rating, and adjusts the target price from $162 to $173.
According to TipRanks data, the analyst has a success rate of 63.3% and a total average return of 11.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Grand Canyon Education (LOPE.US)$'s main analysts recently are as follows:
Grand Canyon University's recent quarterly results indicated challenges with revenue and enrollment, attributed to diminished ancillary revenues and scholarships as well as enrollment figures falling slightly short of forecasts. Nevertheless, the institution experienced better than anticipated growth in Hybrid enrollment, with a projection of over 10% increase in new starts continuing into the following spring.
The firm's fundamentals are considered robust, and recent election outcomes may have alleviated investor apprehensions, presenting an appealing risk/reward proposition.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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