Phoenix Education Partners, Inc. (NYSE:PXED) Given Average Recommendation of “Hold” by Brokerages

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several research analysts have recently weighed in on PXED shares. Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Wall Street Zen raised shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Van Berkom & Associates Inc. purchased a new stake in Phoenix Education Partners during the fourth quarter worth about $44,774,000. Massachusetts Financial Services Co. MA purchased a new stake in Phoenix Education Partners during the fourth quarter worth about $21,681,000. Wellington Management Group LLP purchased a new stake in Phoenix Education Partners during the fourth quarter worth about $10,559,000. Alyeska Investment Group L.P. purchased a new stake in Phoenix Education Partners during the fourth quarter worth about $7,989,000. Finally, FIL Ltd purchased a new stake in Phoenix Education Partners during the fourth quarter worth about $7,575,000.

Phoenix Education Partners Trading Down 1.0%

Shares of PXED opened at $30.96 on Friday. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $29.60 and its two-hundred day moving average is $30.29. The stock has a market cap of $1.11 billion and a PE ratio of 10.32.

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

Phoenix Education Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Wednesday, April 29th were given a $0.21 dividend. 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 2.7%. Phoenix Education Partners’s dividend payout ratio is presently 28.00%.

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.