Wall Street Zen Upgrades Phoenix Education Partners (NYSE:PXED) to Buy

Phoenix Education Partners (NYSE:PXED) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Barrington Research restated an “outperform” rating and issued a $45.00 target price on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Trading Down 2.7%

Phoenix Education Partners stock opened at $30.36 on Friday. The business has a 50-day moving average price of $29.64. The company has a market cap of $1.09 billion and a price-to-earnings ratio of 10.12. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. Phoenix Education Partners has a 12-month low of $23.52 and a 12-month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last released its earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.24. The firm had revenue of $222.46 million during the quarter, compared to the consensus estimate of $219.71 million. The business’s revenue was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Phoenix Education Partners will post 4.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in Phoenix Education Partners during the 4th quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Phoenix Education Partners during the 4th quarter valued at about $40,000. Deutsche Bank AG bought a new stake in Phoenix Education Partners during the 4th quarter valued at about $89,000. MetLife Investment Management LLC bought a new stake in Phoenix Education Partners during the 4th quarter valued at about $92,000. Finally, Walleye Capital LLC lifted its holdings in Phoenix Education Partners by 23.7% during the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after buying an additional 3,097 shares in the last quarter.

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.