Phoenix Education Partners (NYSE:PXED) Rating Lowered to “Hold” at Wall Street Zen

Phoenix Education Partners (NYSE:PXED) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. B. Riley Financial reduced their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets cut their target price on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Phoenix Education Partners currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Phoenix Education Partners Stock Performance

Shares of PXED opened at $28.72 on Friday. The firm’s 50 day moving average is $31.21 and its 200-day moving average is $30.03. The stock has a market capitalization of $1.04 billion and a P/E ratio of 13.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92. Phoenix Education Partners has a 12-month low of $23.52 and a 12-month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last released its earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. The business had revenue of $271.80 million for the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. Equities research analysts anticipate that Phoenix Education Partners will post 4.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Phoenix Education Partners

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

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.