• Return to Headlines

Upgrade Alert for Grand Canyon Education (LOPE)

By Nick Russo

Grand Canyon Education (NASDAQ:LOPE) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $41.84 on volume of 691,000 shares, above average daily volume of 361,000.

In the past 52 weeks, Grand Canyon Education share prices have been bracketed by a low of $31.12 and a high of $46.32 and closed yesterday at $41.84, 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Grand Canyon Education, Inc. provides online post secondary education services. The Company offers graduate and undergraduate degree programs in disciplines of education, business, and healthcare.

Grand Canyon Education (NASDAQ:LOPE) has potential upside of 17.9% based on a current price of $41.84 and analysts' consensus price target of $49.33. Grand Canyon Education shares have support at the 200-day moving average (MA) of $39.62 and additional support at the 50-day MA of $37.50.

SmarTrend recommended that subscribers consider buying shares of Grand Canyon Education on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.75. Since that recommendation, shares of Grand Canyon Education have risen 10.8%. We continue to monitor LOPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades grand canyon education

Ticker(s): LOPE