B. Riley Lowers Phoenix Education Partners (NYSE:PXED) Price Target to $54.00

Phoenix Education Partners (NYSE:PXED) had its price target lowered by equities researchers at B. Riley from $60.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 68.96% from the stock’s previous close.

Several other equities research analysts have also issued reports on PXED. The Goldman Sachs Group dropped their target price on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Barrington Research initiated coverage on shares of Phoenix Education Partners in a research report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 target price for the company. Finally, Zacks Research raised Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $45.00.

Phoenix Education Partners Stock Performance

Shares of PXED traded down $1.04 during trading hours on Friday, reaching $31.96. 8,164 shares of the company’s stock traded hands, compared to its average volume of 119,155. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

About Phoenix Education Partners

Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.