Phoenix Education Partners, Inc. (NYSE:PXED) Receives Consensus Recommendation of “Hold” from Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has received a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $44.00.

Several brokerages have recently weighed in on PXED. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings initiated coverage on Phoenix Education Partners in a report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Morgan Stanley boosted their target price on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Barrington Research initiated coverage on Phoenix Education Partners in a report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, The Goldman Sachs Group dropped their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 21st.

Phoenix Education Partners Trading Up 3.9%

Shares of PXED stock opened at $28.77 on Friday. The stock has a market cap of $1.03 billion and a P/E ratio of 11.89. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $31.76. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.11. The company had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. The firm’s revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Phoenix Education Partners’s dividend payout ratio is 34.71%.

Institutional Trading of Phoenix Education Partners

A number of institutional investors have recently added to or reduced their stakes in PXED. Strs Ohio purchased a new position in Phoenix Education Partners in the fourth quarter valued at about $27,000. Harbor Advisors LLC acquired a new stake in shares of Phoenix Education Partners in the 4th quarter worth approximately $303,000. UBS Group AG acquired a new stake in shares of Phoenix Education Partners in the 4th quarter worth approximately $2,618,000. First Eagle Investment Management LLC purchased a new position in Phoenix Education Partners in the 4th quarter valued at approximately $5,459,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Phoenix Education Partners during the fourth quarter worth $21,681,000.

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.