Wall Street Zen Upgrades Phoenix Education Partners (NYSE:PXED) to Buy

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

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

Phoenix Education Partners Price Performance

NYSE:PXED opened at $29.96 on Monday. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a market cap of $1.08 billion and a P/E ratio of 13.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. The stock’s 50-day simple moving average is $31.20 and its 200 day simple moving average is $30.19.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. The firm had revenue of $271.80 million during the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. As a group, sell-side analysts forecast that Phoenix Education Partners will post 4.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Phoenix Education Partners

Large investors have recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth about $21,681,000. Bastion Asset Management Inc. acquired a new stake in shares of Phoenix Education Partners during the 1st quarter worth about $2,085,000. UBS Group AG bought a new stake in shares of Phoenix Education Partners during the 4th quarter worth about $2,618,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Phoenix Education Partners during the 4th quarter worth about $5,459,000.

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.