Phoenix Education Partners (NYSE:PXED) Given Outperform Rating at Barrington Research

Phoenix Education Partners (NYSE:PXED)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a report issued on Wednesday,Benzinga reports. They currently have a $45.00 target price on the stock. Barrington Research’s price objective points to a potential upside of 44.28% from the company’s current price.

A number of other brokerages also recently commented on PXED. Zacks Research downgraded Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings assumed coverage on Phoenix Education Partners in a research report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. BMO Capital Markets set a $39.00 price target on Phoenix Education Partners in a report on Wednesday, January 14th. Morgan Stanley upped their price objective on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, B. Riley Financial cut their target price on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Phoenix Education Partners has an average rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Stock Performance

Shares of Phoenix Education Partners stock traded up $1.06 during trading on Wednesday, hitting $31.19. 18,581 shares of the company’s stock were exchanged, compared to its average volume of 85,318. The company has a market cap of $1.12 billion and a PE ratio of 12.89. The firm’s 50-day simple moving average is $29.26. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22.

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

Hedge Funds Weigh In On Phoenix Education Partners

Several hedge funds and other institutional investors have recently made changes to their positions in PXED. Van Berkom & Associates Inc. purchased a new stake in shares of Phoenix Education Partners during the fourth quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA purchased a new position in Phoenix Education Partners in the 4th quarter valued at $21,681,000. Wellington Management Group LLP purchased a new position in Phoenix Education Partners in the 4th quarter valued at $10,559,000. Alyeska Investment Group L.P. acquired a new stake in Phoenix Education Partners during the 4th quarter worth $7,989,000. Finally, FIL Ltd purchased a new stake in shares of Phoenix Education Partners during the fourth quarter worth $7,575,000.

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.