Phoenix Education Partners, Inc. (NYSE:PXED) Stock Has Average Price Target of $40.60

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $40.60.

Several research firms have commented on PXED. BMO Capital Markets cut their target price on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, B. Riley Financial lowered their price objective 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.

Phoenix Education Partners Price Performance

PXED stock opened at $23.88 on Friday. The stock has a 50-day moving average price of $26.94 and a two-hundred day moving average price of $29.16. The stock has a market cap of $860.95 million and a PE ratio of 11.11. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $38.19.

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

Insiders Place Their Bets

In other Phoenix Education Partners news, insider John Terrence Woods sold 19,453 shares of Phoenix Education Partners stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.89, for a total value of $503,638.17. Following the sale, the insider directly owned 62,682 shares in the company, valued at approximately $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Phoenix Education Partners

A number of large investors have recently modified their holdings of PXED. State of Alaska Department of Revenue acquired a new stake in shares of Phoenix Education Partners in the third quarter valued at about $51,000. Curated Wealth Partners LLC bought a new stake in Phoenix Education Partners during the third quarter worth about $1,653,000. Wellington Management Group LLP raised its holdings in Phoenix Education Partners by 48.3% during the second quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after acquiring an additional 241,997 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Phoenix Education Partners during the second quarter valued at approximately $26,000. Finally, Bank of America Corp DE acquired a new position in Phoenix Education Partners during the second quarter valued at approximately $1,085,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.