Phoenix Education Partners (NYSE:PXED) Upgraded at Jefferies Financial Group

Phoenix Education Partners (NYSE:PXED) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Zacks Research lowered shares of Phoenix Education Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley restated an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.60.

Phoenix Education Partners Stock Performance

NYSE PXED opened at $26.22 on Wednesday. The business’s 50-day moving average price is $28.31 and its 200 day moving average price is $29.55. Phoenix Education Partners has a twelve month low of $23.52 and a twelve month high of $47.08. The company has a market capitalization of $945.15 million and a PE ratio of 12.20. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On Phoenix Education Partners

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in Phoenix Education Partners by 48.3% in the second quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after purchasing an additional 241,997 shares in the last quarter. BlackRock Inc. acquired a new stake in Phoenix Education Partners during the second quarter valued at approximately $12,620,000. Heartland Advisors Inc. bought a new position in Phoenix Education Partners during the 2nd quarter worth approximately $2,398,000. Bastion Asset Management Inc. bought a new position in Phoenix Education Partners during the 1st quarter worth approximately $2,085,000. Finally, Seven Grand Managers LLC acquired a new position in shares of Phoenix Education Partners in the 4th quarter worth approximately $1,515,000.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc is an education services company and the parent organization of University of Phoenix, a higher education institution focused primarily on working adults and other nontraditional learners. The company provides access to postsecondary education through online programs and related learning resources.

University of Phoenix offers associate, bachelor’s, master’s and doctoral degree programs, along with certificate and professional development options. Its academic offerings span fields such as business, education, health care, information technology, nursing, criminal justice and psychology.