Phoenix Education Partners (NYSE:PXED) Stock Rating Lowered by Zacks Research

Phoenix Education Partners (NYSE:PXED) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks reports.

Several other analysts have also weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Morgan Stanley restated an “overweight” rating and issued a $40.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. B. Riley Financial lowered their price objective on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, BMO Capital Markets dropped their price objective on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.60.

Phoenix Education Partners Stock Performance

NYSE:PXED opened at $29.97 on Wednesday. The firm has a 50 day simple moving average of $30.18 and a 200-day simple moving average of $29.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92. The firm has a market cap of $1.08 billion and a PE ratio of 13.94. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last issued its earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The business had revenue of $271.80 million for the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. On average, equities analysts expect that Phoenix Education Partners will post 4.46 EPS for the current year.

Hedge Funds Weigh In On Phoenix Education Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after acquiring an additional 241,997 shares during the period. BlackRock Inc. acquired a new position in shares of Phoenix Education Partners in the second quarter valued at $12,620,000. Alyeska Investment Group L.P. acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at $7,989,000. FIL Ltd bought a new position in Phoenix Education Partners in the fourth quarter worth $7,575,000. Finally, Loomis Sayles & Co. L P bought a new position in Phoenix Education Partners in the fourth quarter worth $7,191,000.

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.