Phoenix Education Partners (NYSE:PXED) Raised to Buy at Wall Street Zen

Phoenix Education Partners (NYSE:PXED) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets dropped their price target on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Barrington Research lowered Phoenix Education Partners from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 4th. Zacks Research raised Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Morgan Stanley cut Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Wednesday, November 4th. Finally, Weiss Ratings downgraded Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.67.

Phoenix Education Partners Trading Up 0.3%

Shares of Phoenix Education Partners stock opened at $19.66 on Friday. The firm has a market capitalization of $720.92 million and a PE ratio of 8.58. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $25.53 and its 200 day moving average is $28.70. Phoenix Education Partners has a 1 year low of $19.55 and a 1 year high of $35.90.

Phoenix Education Partners (NYSE:PXED) last posted its earnings results on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. The firm had revenue of $260.68 million for the quarter. Phoenix Education Partners had a net margin of 8.74% and a return on equity of 55.76%. Equities research analysts forecast that Phoenix Education Partners will post 3.76 earnings per share for the current fiscal year.

Insider Activity at Phoenix Education Partners

In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the sale, the insider owned 62,682 shares in the company, valued at approximately $1,622,836.98. The trade was a 23.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 20,703 shares of company stock valued at $534,904. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Phoenix Education Partners

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Phoenix Education Partners during the second quarter valued at $12,620,000. Wellington Management Group LLP grew its holdings in Phoenix Education Partners by 48.3% during 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. Heartland Advisors Inc. acquired a new stake in Phoenix Education Partners during the 2nd quarter worth about $2,398,000. Bastion Asset Management Inc. acquired a new stake in Phoenix Education Partners during the 1st quarter worth about $2,085,000. Finally, Curated Wealth Partners LLC bought a new position in shares of Phoenix Education Partners in the 3rd quarter worth about $1,653,000.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.

The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.