Phoenix Education Partners (NYSE:PXED) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Phoenix Education Partners (NYSE:PXED) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on PXED. The Goldman Sachs Group cut their price target on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Weiss Ratings assumed coverage on Phoenix Education Partners in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Morgan Stanley increased their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Barrington Research began coverage on Phoenix Education Partners in a research note on Thursday, December 4th. They issued an “outperform” rating and a $45.00 price objective on the stock. Finally, Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Phoenix Education Partners currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Trading Down 5.1%

NYSE:PXED opened at $29.64 on Monday. The business’s 50-day moving average price is $31.97. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $1.06 billion and a PE ratio of 12.25.

Phoenix Education Partners (NYSE:PXED) last posted its earnings results on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.27 by $0.11. The business had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. The company’s revenue was up 2.9% on a year-over-year basis.

Phoenix Education Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, January 28th. Phoenix Education Partners’s payout ratio is presently 34.71%.

Institutional Trading of Phoenix Education Partners

Large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at $21,681,000. UBS Group AG acquired a new stake in Phoenix Education Partners in the fourth quarter worth $2,618,000. Harbor Advisors LLC bought a new stake in Phoenix Education Partners in the fourth quarter valued at $303,000. Strs Ohio bought a new stake in Phoenix Education Partners in the fourth quarter valued at $27,000. Finally, Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners during the fourth quarter valued at about $44,774,000.

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.