Phoenix Education Partners, Inc. (NYSE:PXED) Receives Average Rating of “Hold” from Brokerages

Phoenix Education Partners, Inc. (NYSE:PXED) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $44.00.

PXED has been the topic of several analyst reports. Zacks Research lowered shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. BMO Capital Markets set a $39.00 target price on Phoenix Education Partners in a research note on Wednesday, January 14th. B. Riley Financial reduced their price target on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Weiss Ratings started coverage on Phoenix Education Partners in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Finally, The Goldman Sachs Group reduced their price objective on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 21st.

Phoenix Education Partners Price Performance

Shares of PXED opened at $28.35 on Friday. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s fifty day moving average is $31.14. The company has a market cap of $1.01 billion and a P/E ratio of 11.71.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The firm had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. Phoenix Education Partners’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio (DPR) is currently 34.71%.

Institutional Trading of Phoenix Education Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in Phoenix Education Partners in the fourth quarter worth about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Phoenix Education Partners in the 4th quarter worth approximately $40,000. Deutsche Bank AG acquired a new stake in Phoenix Education Partners during the fourth quarter valued at approximately $89,000. MetLife Investment Management LLC bought a new stake in Phoenix Education Partners during the fourth quarter worth approximately $92,000. Finally, Wells Fargo & Company MN acquired a new position in Phoenix Education Partners in the fourth quarter worth approximately $165,000.

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.