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

Phoenix Education Partners (NYSE:PXED) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other equities analysts have also commented on PXED. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Morgan Stanley restated an “overweight” rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. BMO Capital Markets dropped their target price on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, B. Riley Financial reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phoenix Education Partners has an average rating of “Moderate Buy” and a consensus target price of $41.60.

Phoenix Education Partners Trading Down 0.8%

NYSE:PXED opened at $25.02 on Thursday. The stock has a 50-day simple moving average of $27.75 and a 200-day simple moving average of $29.39. The stock has a market cap of $901.97 million and a P/E ratio of 11.64. Phoenix Education Partners has a 1 year low of $23.52 and a 1 year high of $47.08. 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 (NYSE:PXED) last issued its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. The business had revenue of $271.80 million for the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. As a group, analysts anticipate that Phoenix Education Partners will post 4.46 earnings per share for the current fiscal year.

Institutional Trading of Phoenix Education Partners

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

About Phoenix Education Partners

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.