Phoenix Education Partners, Inc. (NYSE:PXED) Receives $41.60 Consensus Target Price from Brokerages

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.60.

PXED has been the topic of a number of research analyst reports. BMO Capital Markets reduced 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 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 research note on Tuesday, July 14th. B. Riley Financial reduced 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. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Barrington Research restated an “outperform” rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th.

Institutional Investors Weigh In On Phoenix Education Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van Berkom & Associates Inc. bought a new stake in shares of Phoenix Education Partners in the 4th quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA bought a new position in Phoenix Education Partners during the 4th quarter valued at approximately $21,681,000. BlackRock Inc. purchased a new position in Phoenix Education Partners during the second quarter valued at $12,620,000. Wellington Management Group LLP purchased a new position in Phoenix Education Partners during the fourth quarter valued at $10,559,000. Finally, Alyeska Investment Group L.P. bought a new stake in Phoenix Education Partners in the fourth quarter worth $7,989,000.

Phoenix Education Partners Trading Up 1.4%

NYSE PXED opened at $28.83 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. Phoenix Education Partners has a fifty-two week low of $23.52 and a fifty-two week high of $47.08. The stock has a market cap of $1.04 billion and a P/E ratio of 13.41. The stock has a 50 day simple moving average of $31.11 and a two-hundred day simple moving average of $29.99.

Phoenix Education Partners (NYSE:PXED) last announced 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 company had revenue of $271.80 million during the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. On average, analysts forecast that Phoenix Education Partners will post 4.46 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Wednesday, July 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio is presently 39.07%.

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.