Phoenix Education Partners, Inc. (NYSE:PXED) Receives $44.00 Average PT from Analysts

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have earned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.00.

Several brokerages have recently weighed in on PXED. Barrington Research reiterated an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday.

Phoenix Education Partners Price Performance

Phoenix Education Partners stock opened at $29.93 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $29.53 and a 200-day moving average price of $30.28. Phoenix Education Partners has a 12-month low of $23.52 and a 12-month high of $47.08. The firm has a market capitalization of $1.07 billion and a PE ratio of 9.98.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.24. The business had revenue of $222.46 million during the quarter, compared to analysts’ expectations of $219.71 million. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Phoenix Education Partners will post 4.48 EPS for the current year.

Phoenix Education Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. Phoenix Education Partners’s dividend payout ratio (DPR) is 28.00%.

Hedge Funds Weigh In On Phoenix Education Partners

A number of institutional investors have recently modified their holdings of PXED. Van Berkom & Associates Inc. purchased a new position in shares of Phoenix Education Partners during the fourth quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Phoenix Education Partners during the fourth quarter worth approximately $21,681,000. Wellington Management Group LLP purchased a new position in shares of Phoenix Education Partners during the fourth quarter worth approximately $10,559,000. Alyeska Investment Group L.P. purchased a new position in shares of Phoenix Education Partners during the fourth quarter worth approximately $7,989,000. Finally, FIL Ltd purchased a new position in shares of Phoenix Education Partners during the fourth quarter worth approximately $7,575,000.

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.