Phoenix Education Partners (NYSE:PXED) Price Target Cut to $54.00 by Analysts at B. Riley

Phoenix Education Partners (NYSE:PXED) had its target price decreased by equities researchers at B. Riley from $60.00 to $54.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 68.96% from the company’s previous close.

A number of other equities analysts have also commented on PXED. The Goldman Sachs Group cut their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Wall Street Zen upgraded shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Barrington Research started coverage on shares of Phoenix Education Partners in a research note on Thursday, December 4th. They issued an “outperform” rating and a $45.00 price objective on the stock. Finally, Zacks Research raised shares of Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $45.00.

Phoenix Education Partners Stock Performance

Phoenix Education Partners stock traded down $1.04 during mid-day trading on Friday, reaching $31.96. 8,164 shares of the company were exchanged, compared to its average volume of 119,155. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 1.64.

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.