Phoenix Education Partners (NYSE:PXED) Stock Rating Upgraded by Wall Street Zen

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

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

Phoenix Education Partners Stock Up 6.4%

Shares of PXED opened at $32.55 on Friday. The business’s fifty day moving average price is $29.79 and its two-hundred day moving average price is $30.16. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of 10.85. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01.

Phoenix Education Partners (NYSE:PXED) last released its earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.24. The firm had revenue of $222.46 million for the quarter, compared to the consensus estimate of $219.71 million. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts predict that Phoenix Education Partners will post 4.48 earnings per share for the current year.

Institutional Trading of Phoenix Education Partners

A number of large investors have recently added to or reduced their stakes in PXED. Massachusetts Financial Services Co. MA bought a new position in shares of Phoenix Education Partners in the fourth quarter valued at about $21,681,000. UBS Group AG acquired a new stake in Phoenix Education Partners during the 4th quarter worth approximately $2,618,000. Harbor Advisors LLC acquired a new stake in Phoenix Education Partners during the 4th quarter worth approximately $303,000. Strs Ohio bought a new stake in Phoenix Education Partners in the 4th quarter valued at $27,000. Finally, Van Berkom & Associates Inc. acquired a new position in Phoenix Education Partners in the 4th quarter valued at $44,774,000.

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.