Phoenix Education Partners (NYSE:PXED) Stock Rating Upgraded by Zacks Research

Phoenix Education Partners (NYSE:PXED) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other equities research analysts have also recently issued reports on PXED. B. Riley Financial cut their price objective on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. BMO Capital Markets dropped their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Jefferies Financial Group upgraded shares of Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Morgan Stanley restated an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Finally, Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Phoenix Education Partners Stock Performance

Shares of Phoenix Education Partners stock opened at $25.02 on Thursday. The business’s 50 day moving average price is $27.75 and its 200 day moving average price is $29.39. The company has a market cap of $901.97 million and a price-to-earnings ratio of 11.64. 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 one year low of $23.52 and a one year high of $47.08.

Phoenix Education Partners (NYSE:PXED) last issued its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%.The company had revenue of $271.80 million during the quarter. On average, research analysts predict that Phoenix Education Partners will post 4.46 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PXED. Public Employees Retirement System of Ohio acquired a new stake in shares of Phoenix Education Partners during the second quarter valued at about $26,000. Legal & General Group Plc acquired a new position in shares of Phoenix Education Partners in the 2nd quarter worth approximately $64,000. State of Wyoming acquired a new position in shares of Phoenix Education Partners in the 2nd quarter worth approximately $78,000. Meeder Asset Management Inc. purchased a new position in shares of Phoenix Education Partners during the 2nd quarter worth approximately $191,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Phoenix Education Partners during the 2nd quarter worth approximately $281,000.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.