Phoenix Education Partners, Inc. (NYSE:PXED) Given Average Rating of “Hold” by Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has been given an average recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $44.00.

A number of research firms have issued reports on PXED. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Barrington Research restated an “outperform” rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, March 25th. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday.

Phoenix Education Partners Stock Down 1.2%

Shares of NYSE:PXED opened at $29.01 on Tuesday. The stock has a market cap of $1.04 billion and a PE ratio of 9.67. The stock has a fifty day simple moving average of $29.16. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01.

Phoenix Education Partners (NYSE:PXED) last issued its earnings results on Tuesday, April 7th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.24. The business had revenue of $222.46 million during the quarter, compared to analysts’ expectations of $219.71 million. The company’s revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate that Phoenix Education Partners will post 4.48 EPS for the current year.

Phoenix Education Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 29th will be given a $0.21 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Phoenix Education Partners’s payout ratio is presently 28.00%.

Institutional Investors Weigh In On Phoenix Education Partners

A number of large investors have recently modified their holdings of PXED. Strs Ohio bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at about $40,000. Deutsche Bank AG bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at about $89,000. MetLife Investment Management LLC bought a new stake in shares of Phoenix Education Partners during the 4th quarter valued at about $92,000. Finally, State of Wyoming bought a new stake in shares of Phoenix Education Partners during the 1st quarter valued at about $151,000.

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.