Phoenix Education Partners (NYSE:PXED) Stock Price Down 5.6% After Analyst Downgrade

Phoenix Education Partners, Inc. (NYSE:PXEDGet Free Report) shares fell 5.6% during trading on Friday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The stock traded as low as $31.15 and last traded at $31.16. 104,977 shares were traded during trading, a decline of 23% from the average session volume of 136,067 shares. The stock had previously closed at $33.00.

PXED has been the topic of several other reports. Zacks Research upgraded Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. The Goldman Sachs Group cut their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. B. Riley reduced their target price on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday. Finally, Barrington Research assumed coverage on Phoenix Education Partners in a report on Thursday, December 4th. They set an “outperform” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $45.00.

Read Our Latest Research Report on Phoenix Education Partners

Phoenix Education Partners Price Performance

The company has a market capitalization of $1.14 billion and a PE ratio of 30.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

Phoenix Education Partners Company Profile

(Get Free Report)

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.

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