Phoenix Education Partners, Inc. (NYSE:PXED) Stock Has Average Price Target of $41.60 According to Brokerages

Phoenix Education Partners, Inc. (NYSE:PXED) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $41.60.

Several equities research analysts recently commented on the company. Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Morgan Stanley reissued an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. BMO Capital Markets reduced their price target on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Finally, B. Riley Financial lowered their price target on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st.

Phoenix Education Partners Stock Performance

NYSE:PXED opened at $25.90 on Monday. The company’s 50-day moving average price is $28.13 and its 200-day moving average price is $29.50. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The company has a market cap of $933.73 million and a P/E ratio of 12.05. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The company had revenue of $271.80 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. On average, sell-side analysts forecast that Phoenix Education Partners will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Phoenix Education Partners’s payout ratio is 39.07%.

Institutional Trading of Phoenix Education Partners

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Phoenix Education Partners in the second quarter worth approximately $26,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners in the second quarter valued at $64,000. State of Wyoming purchased a new stake in Phoenix Education Partners in the second quarter valued at $78,000. Meeder Asset Management Inc. purchased a new stake in Phoenix Education Partners in the 2nd quarter valued at about $191,000. Finally, Hsbc Holdings PLC purchased a new stake in Phoenix Education Partners in the 2nd quarter valued at about $281,000.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc is an education services company and the parent organization of University of Phoenix, a higher education institution focused primarily on working adults and other nontraditional learners. The company provides access to postsecondary education through online programs and related learning resources.

University of Phoenix offers associate, bachelor’s, master’s and doctoral degree programs, along with certificate and professional development options. Its academic offerings span fields such as business, education, health care, information technology, nursing, criminal justice and psychology.