Grand Canyon Educati

LOPE
Delayed Nasdaq - 07/18 10:00:00 pm
125USD
+0.77%

A good level to buy

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David Meurisse
Contributor / Partner

Strategy published on : 07/09/2019 | 10:35

long trade
Live

Entry price : 116.48$
Target : 129.7$
Stop-loss : 109.5$
Potential : 11.35%

The medium term support area around 111.98 USD should allow Grand Canyon Education Inc shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the $ 129.7.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 111.98 support.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The group usually releases upbeat results with huge surprise rates.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

Zonebourse.com 2019
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