Phoenix Education Partners’ (PXED) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Phoenix Education Partners (NYSE:PXED) in a research report released on Wednesday,Benzinga reports. They currently have a $45.00 target price on the stock.

A number of other analysts have also issued reports on PXED. Morgan Stanley boosted their target price on Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. B. Riley Financial dropped their price objective on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Weiss Ratings started coverage on Phoenix Education Partners in a report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, BMO Capital Markets set a $39.00 target price on Phoenix Education Partners in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Phoenix Education Partners Price Performance

Shares of PXED stock opened at $30.69 on Wednesday. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 12.68. The stock’s 50-day moving average is $29.34. 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 (NYSE:PXED) last released its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. The company had revenue of $262.03 million during the quarter, compared to analysts’ expectations of $257.56 million. Phoenix Education Partners’s revenue for the quarter was up 2.9% on a year-over-year basis.

Phoenix Education Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio (DPR) is presently 34.71%.

Hedge Funds Weigh In On Phoenix Education Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in Phoenix Education Partners in the fourth quarter valued at $21,681,000. UBS Group AG purchased a new stake in Phoenix Education Partners during the 4th quarter worth about $2,618,000. Harbor Advisors LLC acquired a new position in shares of Phoenix Education Partners during the 4th quarter worth about $303,000. Strs Ohio acquired a new position in shares of Phoenix Education Partners during the 4th quarter worth about $27,000. Finally, Van Berkom & Associates Inc. purchased a new position in shares of Phoenix Education Partners in the 4th quarter valued at about $44,774,000.

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.