Phoenix Education Partners (NYSE:PXED) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Phoenix Education Partners (NYSE:PXED) from a buy rating to a hold rating in a report released on Saturday.

PXED has been the topic of several other research reports. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. B. Riley Financial reduced their price objective 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. BMO Capital Markets decreased 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 report on Wednesday, July 15th. 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, Morgan Stanley reiterated an “overweight” rating and issued a $40.00 target price on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Phoenix Education Partners Trading Down 0.4%

Phoenix Education Partners stock opened at $28.46 on Friday. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08. The company’s fifty day moving average price is $31.17 and its two-hundred day moving average price is $30.01. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 13.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating 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. On average, analysts forecast 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 will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio is currently 39.07%.

Institutional Trading of Phoenix Education Partners

Several institutional investors have recently bought and sold shares of PXED. Van Berkom & Associates Inc. bought a new stake in shares of Phoenix Education Partners in the 4th quarter worth about $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in Phoenix Education Partners in the fourth quarter worth about $21,681,000. Wellington Management Group LLP bought a new stake in Phoenix Education Partners during the 4th quarter worth about $10,559,000. Alyeska Investment Group L.P. bought a new stake in Phoenix Education Partners during the 4th quarter worth about $7,989,000. Finally, FIL Ltd acquired a new position in Phoenix Education Partners during the 4th quarter valued at about $7,575,000.

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.