Phoenix Education Partners, Inc. (NYSE:PXED) Receives $44.00 Average Target Price from Brokerages

Phoenix Education Partners, Inc. (NYSE:PXED) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $44.00.

Several brokerages have recently commented on PXED. Weiss Ratings initiated coverage on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. B. Riley Financial lowered their target price on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 9th. 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. Finally, Morgan Stanley increased their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th.

Hedge Funds Weigh In On Phoenix Education Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners during the 4th quarter worth about $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Phoenix Education Partners in the 4th quarter valued at approximately $21,681,000. Wellington Management Group LLP acquired a new stake in shares of Phoenix Education Partners in the 4th quarter valued at approximately $10,559,000. Alyeska Investment Group L.P. bought a new position in Phoenix Education Partners during the 4th quarter worth approximately $7,989,000. Finally, FIL Ltd bought a new position in Phoenix Education Partners during the 4th quarter worth approximately $7,575,000.

Phoenix Education Partners Trading Down 0.5%

Shares of Phoenix Education Partners stock opened at $30.33 on Thursday. The business has a fifty day moving average of $30.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $1.08 billion and a P/E ratio of 12.53. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, January 13th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.11. The firm had revenue of $262.03 million for the quarter, compared to the consensus estimate of $257.56 million. Phoenix Education Partners’s quarterly revenue was up 2.9% on a year-over-year basis.

Phoenix Education Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio is currently 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.