Phoenix Education Partners, Inc. (NYSE:PXED) Receives $44.00 Consensus Price Target from Analysts

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

Several brokerages have recently commented on PXED. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a research report on Tuesday, May 19th.

Phoenix Education Partners Stock Down 0.6%

Shares of PXED stock opened at $30.35 on Friday. The stock has a market cap of $1.09 billion and a P/E ratio of 10.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a fifty day moving average price of $29.51 and a 200 day moving average price of $30.26. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.24. The business had revenue of $222.46 million during the quarter, compared to the consensus estimate of $219.71 million. Phoenix Education Partners’s revenue was down .4% on a year-over-year basis. Analysts predict that Phoenix Education Partners will post 4.48 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, April 29th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, April 29th. This represents a $0.84 annualized dividend and a yield of 2.8%. Phoenix Education Partners’s dividend payout ratio is 28.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in 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 in the 4th quarter valued at about $40,000. Deutsche Bank AG bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $89,000. MetLife Investment Management LLC bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $92,000. Finally, Walleye Capital LLC increased its stake in shares of Phoenix Education Partners by 23.7% in the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after acquiring an additional 3,097 shares during the last quarter.

About Phoenix Education Partners

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.