Phoenix Education Partners, Inc. (NYSE:PXED) Given Consensus Rating of “Moderate Buy” by Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $41.60.

Several equities research analysts recently commented on PXED shares. BMO Capital Markets dropped their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley restated an “overweight” rating and set a $40.00 target price on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. B. Riley Financial dropped their price target on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th.

Phoenix Education Partners Stock Performance

Shares of Phoenix Education Partners stock opened at $28.72 on Friday. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The firm has a market capitalization of $1.04 billion and a P/E ratio of 13.36. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $31.21 and a two-hundred day simple moving average of $30.05.

Phoenix Education Partners (NYSE:PXED) last announced its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share 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 during the quarter. On average, equities analysts forecast that Phoenix Education Partners will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio (DPR) is presently 39.07%.

Institutional Trading of Phoenix Education Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new stake in shares of Phoenix Education Partners in the fourth quarter worth $21,681,000. UBS Group AG purchased a new position in shares of Phoenix Education Partners during the 4th quarter valued at $2,618,000. Harbor Advisors LLC purchased a new position in shares of Phoenix Education Partners during the 4th quarter valued at $303,000. Strs Ohio bought a new position in Phoenix Education Partners in the 4th quarter worth $27,000. Finally, Van Berkom & Associates Inc. bought a new position in Phoenix Education Partners in the 4th quarter worth $44,774,000.

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.