Phoenix Education Partners, Inc. (NYSE:PXED) Receives $41.60 Consensus PT from Analysts

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.60.

A number of brokerages recently weighed in on PXED. B. Riley Financial reduced their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Zacks Research lowered shares of Phoenix Education Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Finally, BMO Capital Markets reduced their target price on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th.

Phoenix Education Partners Stock Performance

PXED opened at $26.22 on Monday. The business has a fifty day simple moving average of $28.31 and a 200 day simple moving average of $29.55. The company has a market capitalization of $945.23 million and a PE ratio of 12.20. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. The business had revenue of $271.80 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. Research analysts expect that Phoenix Education Partners will post 4.46 EPS for the current year.

Phoenix Education Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Phoenix Education Partners’s payout ratio is 39.07%.

Hedge Funds Weigh In On Phoenix Education Partners

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after purchasing an additional 241,997 shares in the last quarter. BlackRock Inc. bought a new position in shares of Phoenix Education Partners during the 2nd quarter worth approximately $12,620,000. Bastion Asset Management Inc. purchased a new position in shares of Phoenix Education Partners in the 1st quarter worth approximately $2,085,000. Heartland Advisors Inc. purchased a new position in shares of Phoenix Education Partners in the 2nd quarter worth approximately $2,398,000. Finally, UBS Group AG bought a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $2,618,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc is an education services company and the parent organization of University of Phoenix, a higher education institution focused primarily on working adults and other nontraditional learners. The company provides access to postsecondary education through online programs and related learning resources.

University of Phoenix offers associate, bachelor’s, master’s and doctoral degree programs, along with certificate and professional development options. Its academic offerings span fields such as business, education, health care, information technology, nursing, criminal justice and psychology.