Brokerages Set Phoenix Education Partners, Inc. (NYSE:PXED) Price Target at $44.00

Phoenix Education Partners, Inc. (NYSE:PXED) has received a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.00.

Several equities research analysts have commented on the company. Weiss Ratings started coverage on Phoenix Education Partners in a research report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. BMO Capital Markets set a $39.00 target price on shares of Phoenix Education Partners in a research note on Wednesday, January 14th. B. Riley Financial lowered their price target on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th.

Institutional Trading of Phoenix Education Partners

Several institutional investors have recently bought and sold shares of PXED. Strs Ohio purchased a new stake in shares of Phoenix Education Partners in the fourth quarter valued at approximately $27,000. Deutsche Bank AG acquired a new stake in Phoenix Education Partners in the 4th quarter valued at $89,000. MetLife Investment Management LLC purchased a new stake in Phoenix Education Partners in the 4th quarter worth $92,000. Goldman Sachs Group Inc. acquired a new position in Phoenix Education Partners during the fourth quarter worth $259,000. Finally, Harbor Advisors LLC purchased a new position in Phoenix Education Partners during the fourth quarter valued at $303,000.

Phoenix Education Partners Stock Up 0.3%

Shares of PXED stock opened at $27.68 on Friday. The firm has a market cap of $989.84 million and a PE ratio of 11.44. The company has a 50-day moving average of $31.25. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08.

Phoenix Education Partners (NYSE:PXED) last posted its earnings results on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.27 by $0.11. The company had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Phoenix Education Partners’s dividend payout ratio is presently 34.71%.

Phoenix Education Partners Company Profile

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.