Phoenix Education Partners, Inc. (NYSE:PXED) Given Average Rating of “Moderate Buy” by Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $41.60.

PXED has been the subject of several recent research reports. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BMO Capital Markets decreased their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. B. Riley Financial dropped their price target 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. Morgan Stanley reissued an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Phoenix Education Partners in the second quarter worth about $26,000. Strs Ohio bought a new position in shares of Phoenix Education Partners during the 4th quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Phoenix Education Partners in the 4th quarter worth approximately $40,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners in the 2nd quarter worth approximately $64,000. Finally, California State Teachers Retirement System raised its stake in Phoenix Education Partners by 758.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,300 shares of the company’s stock worth $70,000 after acquiring an additional 2,032 shares during the period.

Phoenix Education Partners Trading Up 0.3%

Phoenix Education Partners stock opened at $28.83 on Thursday. The business has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $29.75. The company has a market cap of $1.04 billion and a P/E ratio of 13.41. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Phoenix Education Partners (NYSE:PXED) last released 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. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The firm had revenue of $271.80 million during the quarter. Analysts predict that Phoenix Education Partners will post 4.46 EPS for the current year.

Phoenix Education Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 29th. Phoenix Education Partners’s payout ratio is currently 39.07%.

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.