Phoenix Education Partners, Inc. (NYSE:PXED) Receives $44.00 Consensus PT from Brokerages

Phoenix Education Partners, Inc. (NYSE:PXED) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $44.00.

A number of analysts recently issued reports on PXED shares. Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Finally, Zacks Research cut Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd.

Phoenix Education Partners Stock Performance

PXED stock opened at $30.03 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $1.08 billion and a P/E ratio of 10.01. Phoenix Education Partners has a fifty-two week low of $23.52 and a fifty-two week high of $47.08. The business’s fifty day moving average price is $29.22.

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

Phoenix Education Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, April 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. Phoenix Education Partners’s dividend payout ratio is 28.00%.

Institutional Trading of Phoenix Education Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Phoenix Education Partners in the 4th quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Phoenix Education Partners during the 4th quarter valued at about $40,000. Deutsche Bank AG bought a new position in Phoenix Education Partners during the 4th quarter worth approximately $89,000. MetLife Investment Management LLC bought a new position in Phoenix Education Partners during the 4th quarter worth approximately $92,000. Finally, State of Wyoming bought a new position in Phoenix Education Partners during the 1st quarter worth approximately $151,000.

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.