Phoenix Education Partners (NYSE:PXED) Rating Lowered to “Hold” at Zacks Research

Phoenix Education Partners (NYSE:PXED) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on PXED. Morgan Stanley raised their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Barrington Research initiated coverage on shares of Phoenix Education Partners in a report on Thursday, December 4th. They set an “outperform” rating and a $45.00 target price for the company. B. Riley 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 research report on Friday, January 9th. Weiss Ratings assumed coverage on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, BMO Capital Markets set a $39.00 price objective on Phoenix Education Partners in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Phoenix Education Partners presently has an average rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Trading Down 5.1%

Shares of Phoenix Education Partners stock opened at $29.64 on Monday. The firm has a 50-day moving average of $31.97. 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 has a market capitalization of $1.06 billion and a PE ratio of 12.25.

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

Hedge Funds Weigh In On Phoenix Education Partners

Several institutional investors and hedge funds have recently modified their holdings of PXED. Van Berkom & Associates Inc. acquired a new stake in Phoenix Education Partners during the fourth quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Phoenix Education Partners during the 4th quarter worth $21,681,000. UBS Group AG acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth $2,618,000. Harbor Advisors LLC purchased a new stake in shares of Phoenix Education Partners in the fourth quarter valued at $303,000. Finally, Strs Ohio acquired a new position in Phoenix Education Partners in the fourth quarter valued at $27,000.

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.