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

Phoenix Education Partners, Inc. (NYSE:PXED) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

PXED has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday.

Hedge Funds Weigh In On Phoenix Education Partners

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

Phoenix Education Partners Stock Up 2.5%

PXED stock opened at $34.40 on Wednesday. The company has a market cap of $1.23 billion and a price-to-earnings ratio of 11.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The business’s 50-day moving average is $31.24 and its two-hundred day moving average is $30.23. Phoenix Education Partners has a fifty-two week low of $23.52 and a fifty-two week high of $47.08.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The firm had revenue of $271.80 million for the quarter. As a group, analysts forecast that Phoenix Education Partners will post 4.48 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.4%. Phoenix Education Partners’s payout ratio is presently 28.00%.

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.