Phoenix Education Partners (NYSE:PXED) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Phoenix Education Partners (NYSE:PXED) from a buy rating to a hold rating in a report released on Sunday morning.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group decreased their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. B. Riley reduced their target price on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 9th. Zacks Research upgraded Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Finally, Barrington Research began coverage on shares of Phoenix Education Partners in a research report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $45.00.

Phoenix Education Partners Trading Down 4.3%

PXED opened at $32.02 on Friday. The stock has a market capitalization of $1.15 billion and a PE ratio of 30.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.64. 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, January 13th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.27 by $0.11. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

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.