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

Phoenix Education Partners (NYSE:PXED) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $40.00 target price on shares of Phoenix Education Partners in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Phoenix Education Partners Stock Performance

Shares of PXED stock opened at $30.28 on Monday. The firm has a market capitalization of $1.09 billion and a price-to-earnings ratio of 14.08. The stock has a fifty day moving average of $31.23 and a 200 day moving average of $30.19. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08. 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 issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The business had revenue of $271.80 million for the quarter. As a group, research analysts expect that Phoenix Education Partners will post 4.47 earnings per share for the current year.

Hedge Funds Weigh In On Phoenix Education Partners

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