Phoenix Education Partners (NYSE:PXED) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Phoenix Education Partners (NYSE:PXED) from a hold rating to a buy rating in a research note published on Monday.

A number of other brokerages have also recently weighed in on PXED. Morgan Stanley reiterated an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. 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 report on Wednesday, July 15th. Barrington Research reiterated an “outperform” rating and issued a $45.00 target price on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Finally, Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Phoenix Education Partners Stock Down 4.2%

Shares of NYSE:PXED opened at $28.83 on Monday. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The stock has a market cap of $1.04 billion and a P/E ratio of 13.41. The business has a fifty day moving average of $31.20 and a two-hundred day moving average of $30.18. 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 (NYSE:PXED) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $271.80 million for the quarter. On average, research analysts expect that Phoenix Education Partners will post 4.46 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Phoenix Education Partners’s dividend payout ratio is 39.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA acquired a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $21,681,000. UBS Group AG acquired a new stake in Phoenix Education Partners during the 4th quarter worth approximately $2,618,000. Harbor Advisors LLC purchased a new position in Phoenix Education Partners in the 4th quarter valued at approximately $303,000. Strs Ohio purchased a new position in Phoenix Education Partners in the 4th quarter valued at approximately $27,000. Finally, Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners in the fourth 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.