Phoenix Education Partners (NYSE:PXED) Shares Gap Down – Time to Sell?

Phoenix Education Partners, Inc. (NYSE:PXED) gapped down before the market opened on Thursday . The stock had previously closed at $31.71, but opened at $28.62. Phoenix Education Partners shares last traded at $28.02, with a volume of 5,464 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PXED. BMO Capital Markets set a $39.00 target price on Phoenix Education Partners in a research report on Wednesday. B. Riley lowered their price objective on shares of Phoenix Education Partners from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Zacks Research raised shares of Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Morgan Stanley lifted their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Phoenix Education Partners presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Phoenix Education Partners Price Performance

The company has a market capitalization of $1.08 billion and a PE ratio of 29.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.64 and a current ratio of 1.88.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.11. The business had revenue of $262.03 million for the quarter, compared to the consensus estimate of $257.56 million. Phoenix Education Partners’s quarterly revenue was up 2.9% on a year-over-year basis.

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.