Brokerages Set Phoenix Education Partners, Inc. (NYSE:PXED) Price Target at $41.60

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $41.60.

Several research analysts recently issued reports on PXED shares. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. B. Riley Financial lowered their target price on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, BMO Capital Markets cut their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On Phoenix Education Partners

Several hedge funds have recently made changes to their positions in PXED. Van Berkom & Associates Inc. acquired a new stake in Phoenix Education Partners during the 4th quarter worth about $44,774,000. BlackRock Inc. acquired a new stake in shares of Phoenix Education Partners during the second quarter worth about $12,620,000. Wellington Management Group LLP acquired a new stake in shares of Phoenix Education Partners during the fourth quarter worth about $10,559,000. Alyeska Investment Group L.P. purchased a new stake in Phoenix Education Partners in the fourth quarter valued at approximately $7,989,000. Finally, FIL Ltd acquired a new stake in shares of Phoenix Education Partners in the fourth quarter worth $7,575,000.

Phoenix Education Partners Price Performance

Shares of PXED opened at $30.01 on Thursday. The company has a 50 day moving average of $30.19 and a two-hundred day moving average of $29.79. 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 has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a market cap of $1.08 billion and a price-to-earnings ratio of 13.96.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%.The business had revenue of $271.80 million for the quarter. As a group, analysts predict that Phoenix Education Partners will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th were paid 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 was Wednesday, July 29th. Phoenix Education Partners’s payout ratio is presently 39.07%.

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.