Phoenix Education Partners (NYSE:PXED) Given “Outperform” Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Phoenix Education Partners (NYSE:PXED) in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a $45.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings began coverage on shares of Phoenix Education Partners in a research report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. Morgan Stanley lifted their price objective on shares of Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. BMO Capital Markets set a $39.00 target price on shares of Phoenix Education Partners in a report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

Phoenix Education Partners Trading Up 5.0%

Shares of PXED stock opened at $31.64 on Wednesday. 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 company has a market capitalization of $1.13 billion and a PE ratio of 13.07. Phoenix Education Partners has a 12-month low of $23.52 and a 12-month high of $47.08. The stock has a 50-day moving average price of $29.33.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. The firm had revenue of $262.03 million for the quarter, compared to the consensus estimate of $257.56 million. Phoenix Education Partners’s revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 28th. Phoenix Education Partners’s dividend payout ratio is 34.71%.

Institutional Trading of Phoenix Education Partners

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Phoenix Education Partners during the 4th quarter worth $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Phoenix Education Partners in the fourth quarter worth about $40,000. Deutsche Bank AG bought a new position in Phoenix Education Partners during the 4th quarter worth about $89,000. MetLife Investment Management LLC purchased a new position in Phoenix Education Partners during the 4th quarter valued at about $92,000. Finally, Sandia Investment Management LP bought a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $161,000.

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.