B. Riley Financial Cuts Phoenix Education Partners (NYSE:PXED) Price Target to $51.00

Phoenix Education Partners (NYSE:PXED) had its target price trimmed by B. Riley Financial from $54.00 to $51.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

PXED has been the subject of a number of other reports. Wall Street Zen upgraded shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $40.00 target price on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Weiss Ratings raised shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. BMO Capital Markets cut their target price 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. Finally, Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Phoenix Education Partners has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Phoenix Education Partners Price Performance

Shares of NYSE:PXED opened at $28.20 on Tuesday. The stock has a market capitalization of $1.02 billion and a P/E ratio of 13.12. The business has a 50-day moving average of $31.17 and a two-hundred day moving average of $30.17. Phoenix Education Partners has a fifty-two week low of $23.52 and a fifty-two week high of $47.08. 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 (NYSE:PXED) last posted its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%.The firm had revenue of $271.80 million during the quarter. On average, equities research analysts predict that Phoenix Education Partners will post 4.46 EPS for the current fiscal year.

Phoenix Education Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Phoenix Education Partners’s dividend payout ratio is 39.07%.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds have recently made changes to their positions in PXED. Strs Ohio acquired a new position in Phoenix Education Partners in the 4th quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth approximately $40,000. Deutsche Bank AG acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth approximately $89,000. MetLife Investment Management LLC bought a new stake in shares of Phoenix Education Partners during the fourth quarter valued at approximately $92,000. Finally, State of Wyoming bought a new stake in shares of Phoenix Education Partners during the first quarter valued at approximately $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.