B. Riley Cuts Phoenix Education Partners (NYSE:PXED) Price Target to $54.00

Phoenix Education Partners (NYSE:PXED) had its price objective trimmed by B. Riley from $60.00 to $54.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on PXED. Barrington Research started coverage on Phoenix Education Partners in a report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 target price for the company. Wall Street Zen raised shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. The Goldman Sachs Group lowered their price objective on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Zacks Research upgraded shares of Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $45.00.

Phoenix Education Partners Price Performance

PXED stock opened at $31.88 on Friday. The stock has a market capitalization of $1.14 billion and a PE ratio of 30.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.64. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08.

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.