Phoenix Education Partners, Inc. (NYSE:PXED) Given Consensus Recommendation of “Hold” by Analysts

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.00.

PXED has been the subject of a number of research analyst reports. Zacks Research downgraded Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group lowered their target price on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. BMO Capital Markets set a $39.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. Finally, Weiss Ratings initiated coverage on Phoenix Education Partners in a report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock.

Phoenix Education Partners Price Performance

NYSE:PXED opened at $28.77 on Friday. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 11.89. The company has a fifty day simple moving average of $31.76.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings data on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.11. The business had revenue of $262.03 million for the quarter, compared to analyst estimates of $257.56 million. The firm’s quarterly revenue was up 2.9% on a year-over-year basis.

Phoenix Education Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.84 annualized dividend and a yield of 2.9%. Phoenix Education Partners’s payout ratio is 34.71%.

Institutional Investors Weigh In On Phoenix Education Partners

Several large investors have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at $27,000. Harbor Advisors LLC acquired a new position in Phoenix Education Partners in the fourth quarter valued at $303,000. UBS Group AG purchased a new stake in shares of Phoenix Education Partners in the fourth quarter valued at about $2,618,000. First Eagle Investment Management LLC acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth about $5,459,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth about $21,681,000.

Phoenix Education Partners Company Profile

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.