Phoenix Education Partners (NYSE:PXED) Downgraded to Strong Sell Rating by Zacks Research

Phoenix Education Partners (NYSE:PXED) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks reports.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. B. Riley Financial decreased 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 report on Tuesday, July 21st. Morgan Stanley restated an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners 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 report on Tuesday, July 14th. Finally, BMO Capital Markets reduced their price objective 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. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.60.

Phoenix Education Partners Stock Down 0.1%

Shares of NYSE:PXED opened at $29.97 on Wednesday. The firm has a market cap of $1.08 billion and a P/E ratio of 13.94. 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 12-month low of $23.52 and a 12-month high of $47.08. The business has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $29.80.

Phoenix Education Partners (NYSE:PXED) last announced its earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $271.80 million for the quarter. Analysts predict that Phoenix Education Partners will post 4.46 earnings per share for the current year.

Institutional Investors Weigh In On Phoenix Education Partners

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Phoenix Education Partners in the second quarter worth approximately $12,620,000. Wellington Management Group LLP bought a new position in shares of Phoenix Education Partners during the 4th quarter worth approximately $10,559,000. Alyeska Investment Group L.P. bought a new position in shares of Phoenix Education Partners during the 4th quarter worth approximately $7,989,000. FIL Ltd acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth approximately $7,575,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Phoenix Education Partners during the 4th quarter worth approximately $7,191,000.

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.