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

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

PXED has been the subject of several analyst reports. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a report on Wednesday, March 25th. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday.

Phoenix Education Partners Price Performance

Shares of NYSE:PXED opened at $29.01 on Tuesday. The firm has a fifty day moving average price of $29.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08. The company has a market cap of $1.04 billion and a P/E ratio of 9.67.

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

Phoenix Education Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, April 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. Phoenix Education Partners’s dividend payout ratio (DPR) is 28.00%.

Institutional Trading of Phoenix Education Partners

Several institutional investors and hedge funds have recently made changes to their positions in PXED. Strs Ohio purchased a new position in Phoenix Education Partners in the 4th quarter worth $27,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Phoenix Education Partners in the 4th quarter worth $40,000. Deutsche Bank AG purchased a new position in Phoenix Education Partners in the 4th quarter worth $89,000. MetLife Investment Management LLC purchased a new position in Phoenix Education Partners in the 4th quarter worth $92,000. Finally, State of Wyoming purchased a new position in Phoenix Education Partners in the 1st quarter worth $151,000.

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.