Phoenix Education Partners (NYSE:PXED) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Phoenix Education Partners (NYSE:PXED) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

A number of other analysts have also recently commented on PXED. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 price target on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. BMO Capital Markets lowered their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

Phoenix Education Partners Price Performance

Phoenix Education Partners stock opened at $29.64 on Monday. The stock has a market capitalization of $1.07 billion and a P/E ratio of 13.79. The company’s fifty day moving average price is $31.22 and its 200 day moving average price is $30.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $47.08.

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 analysts’ consensus estimates of $1.28 by $0.15. The company 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%. As a group, equities research analysts anticipate that Phoenix Education Partners will post 4.47 earnings per share for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 29th. Phoenix Education Partners’s dividend payout ratio (DPR) is currently 39.07%.

Institutional Trading of Phoenix Education Partners

Several large investors have recently bought and sold shares of PXED. Van Berkom & Associates Inc. acquired a new position in shares of Phoenix Education Partners during the 4th quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Phoenix Education Partners in the fourth quarter valued at approximately $21,681,000. Bastion Asset Management Inc. acquired a new stake in shares of Phoenix Education Partners in the first quarter valued at approximately $2,085,000. UBS Group AG purchased a new position in Phoenix Education Partners during the fourth quarter worth approximately $2,618,000. Finally, First Eagle Investment Management LLC purchased a new position in Phoenix Education Partners during the fourth quarter worth approximately $5,459,000.

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.