Phoenix Education Partners, Inc. (NYSE:PXED) Stock Has Average Target Price of $40.60 According to Brokerages

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.60.

Several research firms have commented on PXED. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. B. Riley Financial decreased their price objective on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, BMO Capital Markets cut their price target on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, October 5th.

Insider Activity

In other news, insider John Terrence Woods sold 19,453 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.89, for a total value of $503,638.17. Following the completion of the transaction, the insider owned 62,682 shares of the company’s stock, valued at $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Phoenix Education Partners

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of 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 purchasing an additional 241,997 shares during the period. BlackRock Inc. acquired a new stake in shares of Phoenix Education Partners in the second quarter valued at approximately $12,620,000. Heartland Advisors Inc. acquired a new stake in Phoenix Education Partners during the second quarter worth about $2,398,000. Bastion Asset Management Inc. acquired a new position in Phoenix Education Partners during the first quarter valued at approximately $2,085,000. Finally, Curated Wealth Partners LLC acquired a new position in shares of Phoenix Education Partners during the 3rd quarter worth $1,653,000.

Phoenix Education Partners Stock Performance

Shares of Phoenix Education Partners stock opened at $24.54 on Friday. The stock has a market cap of $884.67 million and a PE ratio of 5.34. Phoenix Education Partners has a 12 month low of $23.42 and a 12 month high of $38.19. 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 business has a fifty day simple moving average of $26.57 and a 200-day simple moving average of $28.89.

About Phoenix Education Partners

Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.

The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.