Phoenix Education Partners (NYSE:PXED) Downgraded to Hold Rating by Wall Street Zen

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

Other equities analysts also recently issued research reports about the company. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a report on Wednesday, March 25th. Zacks Research lowered shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Phoenix Education Partners currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Phoenix Education Partners Stock Performance

PXED opened at $29.33 on Friday. The company has a market cap of $1.05 billion and a P/E ratio of 9.78. The business’s 50-day moving average is $29.19. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.24. The company had revenue of $222.46 million for the quarter, compared to the consensus estimate of $219.71 million. The company’s revenue was down .4% on a year-over-year basis. On average, research analysts predict that Phoenix Education Partners will post 4.48 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Phoenix Education Partners’s payout ratio is presently 28.00%.

Hedge Funds Weigh In On Phoenix Education Partners

A number of institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Phoenix Education Partners in the fourth quarter worth $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Phoenix Education Partners in the fourth quarter worth $40,000. Deutsche Bank AG acquired a new stake in shares of Phoenix Education Partners in the fourth quarter worth $89,000. MetLife Investment Management LLC acquired a new stake in shares of Phoenix Education Partners in the fourth quarter worth $92,000. Finally, State of Wyoming acquired a new stake in shares of Phoenix Education Partners in the first quarter worth $151,000.

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.