Phoenix Education Partners (NYSE:PXED) Given New $51.00 Price Target at B. Riley Financial

Phoenix Education Partners (NYSE:PXED) had its target price cut by B. Riley Financial from $54.00 to $51.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

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

Phoenix Education Partners Trading Up 0.2%

Phoenix Education Partners stock opened at $29.96 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. The stock has a market cap of $1.08 billion and a PE ratio of 13.93. The stock has a 50-day moving average of $31.20 and a two-hundred day moving average of $30.19. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. The business had revenue of $271.80 million for the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. On average, research analysts anticipate that Phoenix Education Partners will post 4.47 EPS for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Wednesday, July 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio (DPR) is 39.07%.

Institutional Investors Weigh In On Phoenix Education Partners

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at about $40,000. Deutsche Bank AG acquired a new position in shares of Phoenix Education Partners in the 4th quarter valued at about $89,000. MetLife Investment Management LLC purchased a new stake in shares of Phoenix Education Partners in the fourth quarter worth about $92,000. Finally, State of Wyoming purchased a new stake in shares of Phoenix Education Partners in the first quarter worth about $151,000.

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.