B. Riley Financial Has Lowered Expectations for Phoenix Education Partners (NYSE:PXED) Stock Price

Phoenix Education Partners (NYSE:PXED) had its price target decreased by B. Riley Financial from $54.00 to $51.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s price target indicates a potential upside of 76.92% from the stock’s current price.

PXED has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 target price on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Wall Street Zen raised Phoenix Education Partners from a “hold” rating to a “buy” rating in a report on Monday. BMO Capital Markets dropped their target price on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.60.

Phoenix Education Partners Stock Performance

Shares of NYSE PXED opened at $28.83 on Tuesday. The firm’s 50-day moving average price is $31.20 and its 200-day moving average price is $30.18. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a market cap of $1.04 billion and a PE ratio of 13.41. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.15. The firm had revenue of $271.80 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. As a group, analysts anticipate that Phoenix Education Partners will post 4.46 EPS for the current year.

Institutional Trading of Phoenix Education Partners

Institutional investors and hedge funds have recently modified their holdings of the company. Van Berkom & Associates Inc. purchased a new position in shares of Phoenix Education Partners during the 4th quarter valued at $44,774,000. Massachusetts Financial Services Co. MA purchased a new stake in Phoenix Education Partners in the 4th quarter worth $21,681,000. Wellington Management Group LLP bought a new stake in Phoenix Education Partners during the fourth quarter valued at about $10,559,000. Alyeska Investment Group L.P. bought a new stake in Phoenix Education Partners during the fourth quarter valued at about $7,989,000. Finally, FIL Ltd purchased a new position in shares of Phoenix Education Partners in the fourth quarter valued at about $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.