B. Riley Financial Lowers Phoenix Education Partners (NYSE:PXED) Price Target to $51.00

Phoenix Education Partners (NYSE:PXED) had its price objective cut by equities research analysts at B. Riley Financial from $54.00 to $51.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s target price would indicate a potential upside of 70.94% from the stock’s previous close.

A number of other equities research analysts have also recently commented on PXED. Morgan Stanley reissued an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Monday. BMO Capital Markets decreased their target price on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Phoenix Education Partners Price Performance

Shares of PXED traded down $0.07 during mid-day trading on Tuesday, reaching $29.84. The stock had a trading volume of 12,932 shares, compared to its average volume of 103,948. The business has a fifty day moving average of $31.22 and a 200 day moving average of $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. The firm has a market cap of $1.08 billion and a price-to-earnings ratio of 13.88. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The firm had revenue of $271.80 million for the quarter. Equities analysts predict that Phoenix Education Partners will post 4.47 EPS for the current year.

Institutional Trading of Phoenix Education Partners

Several hedge funds have recently bought and sold shares of the stock. Van Berkom & Associates Inc. bought a new stake in Phoenix Education Partners in the 4th quarter worth approximately $44,774,000. Massachusetts Financial Services Co. MA bought a new position in shares of Phoenix Education Partners during the 4th quarter valued at approximately $21,681,000. Bastion Asset Management Inc. bought a new position in shares of Phoenix Education Partners during the 1st quarter valued at approximately $2,085,000. UBS Group AG purchased a new position in shares of Phoenix Education Partners in the fourth quarter valued at $2,618,000. Finally, First Eagle Investment Management LLC purchased a new position in shares of Phoenix Education Partners in the fourth quarter valued at $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.