Phoenix Education Partners (NYSE:PXED) Stock Gets Price Target Reduction from Morgan Stanley

Phoenix Education Partners (NYSE:PXED) had its price target dropped by analysts at Morgan Stanley from $40.00 to $38.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 58.70% from the company’s previous close.

Several other research firms also recently issued reports on PXED. BMO Capital Markets cut their price objective on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Zacks Research upgraded Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Jefferies Financial Group upgraded Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. B. Riley Financial lowered their price target on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Phoenix Education Partners Price Performance

PXED traded down $0.41 during trading on Tuesday, reaching $23.95. The company’s stock had a trading volume of 33,108 shares, compared to its average volume of 101,964. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $27.27 and a two-hundred day simple moving average of $29.31. The company has a market cap of $863.22 million and a price-to-earnings ratio of 11.14. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $38.19.

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

Institutional Investors Weigh In On Phoenix Education Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Phoenix Education Partners in the second quarter valued at $12,620,000. Wellington Management Group LLP boosted its position in Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after buying an additional 241,997 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Phoenix Education Partners during the 2nd quarter valued at approximately $2,398,000. Bastion Asset Management Inc. acquired a new position in shares of Phoenix Education Partners in the 1st quarter worth approximately $2,085,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of Phoenix Education Partners during the fourth quarter valued at approximately $1,364,000.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.