Phoenix Education Partners, Inc. (NYSE:PXED) Receives $43.50 Consensus Price Target from Brokerages

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong 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 $44.00.

PXED has been the topic of several recent research reports. B. Riley decreased their price objective on Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. The Goldman Sachs Group dropped their price objective on shares of Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. BMO Capital Markets set a $39.00 target price on shares of Phoenix Education Partners in a report on Wednesday, January 14th. Finally, Weiss Ratings assumed coverage on shares of Phoenix Education Partners in a report on Wednesday, January 14th. They issued a “sell (d+)” rating for the company.

Phoenix Education Partners Stock Down 2.3%

PXED opened at $29.66 on Wednesday. The company has a market cap of $1.06 billion and a P/E ratio of 28.52. The firm’s 50-day moving average is $32.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.88 and a quick ratio of 1.88. Phoenix Education Partners has a 52 week low of $23.52 and a 52 week high of $47.08.

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

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.