Phoenix Education Partners (NYSE:PXED) Shares Gap Down – Should You Sell?

Phoenix Education Partners, Inc. (NYSE:PXED)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $31.71, but opened at $28.62. Phoenix Education Partners shares last traded at $28.02, with a volume of 5,464 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PXED. Zacks Research raised shares of Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. BMO Capital Markets set a $39.00 price target on Phoenix Education Partners in a research note on Wednesday. Wall Street Zen downgraded Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group cut their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, B. Riley decreased their target price on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Phoenix Education Partners presently has a consensus rating of “Buy” and a consensus target price of $44.00.

Phoenix Education Partners Stock Up 6.6%

The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of 29.09. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

Phoenix Education Partners (NYSE:PXED) last posted its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.27 by $0.11. The company had revenue of $262.03 million during the quarter, compared to analyst estimates of $257.56 million. The firm’s revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Company Profile

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.