Phoenix Education Partners, Inc. (NYSE:PXED) Stock Rated “Hold” by Wall Street Analysts

Phoenix Education Partners, Inc. (NYSE:PXED) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $31.67.

PXED has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Morgan Stanley cut shares of Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research note on Wednesday, November 4th. Truist Financial lowered their price objective on shares of Phoenix Education Partners from $38.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, November 4th. Jefferies Financial Group upgraded shares of Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, B. Riley Financial cut shares of Phoenix Education Partners from a “buy” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $25.00 in a report on Wednesday, November 4th.

Phoenix Education Partners Stock Performance

PXED traded down $0.42 during trading on Tuesday, hitting $19.11. 209,223 shares of the stock were exchanged, compared to its average volume of 131,720. The firm has a market capitalization of $700.99 million and a P/E ratio of 8.35. Phoenix Education Partners has a 1-year low of $18.75 and a 1-year high of $35.90. The stock has a fifty day moving average price of $24.51 and a two-hundred day moving average price of $28.40. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.15.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. The company had revenue of $260.68 million during the quarter. Phoenix Education Partners had a return on equity of 55.76% and a net margin of 8.74%. As a group, sell-side analysts predict that Phoenix Education Partners will post 3.76 earnings per share for the current year.

Phoenix Education Partners Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 23rd will be issued a dividend of $2.36 per share. The ex-dividend date of this dividend is Monday, November 23rd. Phoenix Education Partners’s dividend payout ratio (DPR) is currently 36.68%.

Insider Transactions at Phoenix Education Partners

In related news, insider John Woods sold 19,453 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the transaction, the insider owned 62,682 shares in the company, valued at $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. In the last 90 days, insiders sold 20,703 shares of company stock valued at $534,904. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PXED. Public Employees Retirement System of Ohio acquired a new stake in shares of Phoenix Education Partners during the second quarter worth $26,000. State of Alaska Department of Revenue purchased a new position in Phoenix Education Partners in the 3rd quarter valued at $51,000. Legal & General Group Plc acquired a new position in Phoenix Education Partners in the 2nd quarter valued at $64,000. State of Wyoming acquired a new position in Phoenix Education Partners in the 2nd quarter valued at $78,000. Finally, Meeder Asset Management Inc. purchased a new position in Phoenix Education Partners during the 2nd quarter worth $191,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.