Barrington Research Reaffirms Outperform Rating for Phoenix Education Partners (NYSE:PXED)

Phoenix Education Partners (NYSE:PXED)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $45.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 46.59% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. BMO Capital Markets set a $39.00 price target on Phoenix Education Partners in a report on Wednesday, January 14th. Zacks Research lowered Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. B. Riley Financial dropped their price target on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings assumed coverage on shares of Phoenix Education Partners in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.00.

Phoenix Education Partners Stock Down 3.1%

Shares of Phoenix Education Partners stock opened at $30.70 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The stock has a market capitalization of $1.10 billion and a P/E ratio of 12.68. The business has a 50 day moving average price of $29.33.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, January 13th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. The firm had revenue of $262.03 million during the quarter, compared to analyst estimates of $257.56 million. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Institutional Trading of Phoenix Education Partners

Several institutional investors and hedge funds have recently made changes to their positions in PXED. Van Berkom & Associates Inc. acquired a new stake in Phoenix Education Partners during the 4th quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $21,681,000. Wellington Management Group LLP acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $10,559,000. Alyeska Investment Group L.P. purchased a new stake in shares of Phoenix Education Partners during the fourth quarter worth approximately $7,989,000. Finally, FIL Ltd purchased a new stake in shares of Phoenix Education Partners during the fourth quarter worth approximately $7,575,000.

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.