Phoenix Education Partners, Inc. (NYSE:PXED) Receives Average Recommendation of “Hold” from Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.00.

Several equities research analysts have commented on PXED shares. Wall Street Zen upgraded Phoenix Education Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a research note on Tuesday, May 19th.

Institutional Investors Weigh In On Phoenix Education Partners

A number of large investors have recently modified their holdings of PXED. Segall Bryant & Hamill LLC purchased a new position in shares of Phoenix Education Partners in the first quarter worth about $858,000. Walleye Capital LLC boosted its position in Phoenix Education Partners by 23.7% during the first quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock worth $508,000 after acquiring an additional 3,097 shares during the last quarter. State of Wyoming purchased a new stake in Phoenix Education Partners during the 1st quarter valued at about $151,000. Bastion Asset Management Inc. purchased a new stake in Phoenix Education Partners during the 1st quarter valued at about $2,085,000. Finally, Bank of New York Mellon Corp raised its holdings in Phoenix Education Partners by 55.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock valued at $345,000 after acquiring an additional 3,898 shares during the last quarter.

Phoenix Education Partners Stock Performance

NYSE:PXED opened at $35.02 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $1.25 billion and a PE ratio of 11.67. Phoenix Education Partners has a fifty-two week low of $23.52 and a fifty-two week high of $47.08. The company has a fifty day moving average of $30.65 and a two-hundred day moving average of $30.19.

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

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.