Phoenix Education Partners, Inc. (NYSE:PXED) Receives Consensus Recommendation of “Hold” from Analysts

Phoenix Education Partners, Inc. (NYSE:PXEDGet Free Report) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $44.00.

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

Check Out Our Latest Stock Report on PXED

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new stake in Phoenix Education Partners in the 1st quarter valued at $858,000. Walleye Capital LLC grew its stake in Phoenix Education Partners by 23.7% in the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after acquiring an additional 3,097 shares during the period. State of Wyoming acquired a new stake in Phoenix Education Partners in the 1st quarter valued at $151,000. Bastion Asset Management Inc. acquired a new stake in Phoenix Education Partners in the 1st quarter valued at $2,085,000. Finally, Bank of New York Mellon Corp grew its stake in Phoenix Education Partners by 55.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock valued at $345,000 after acquiring an additional 3,898 shares during the period.

Phoenix Education Partners Price Performance

NYSE:PXED opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $1.11 billion and a price-to-earnings ratio of 10.32. The company has a 50 day moving average price of $29.60 and a 200-day moving average price of $30.29. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08.

Phoenix Education Partners (NYSE:PXEDGet Free Report) last posted its earnings results on Tuesday, April 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.24. The firm had revenue of $222.46 million for the quarter, compared to analysts’ expectations of $219.71 million. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts forecast that Phoenix Education Partners will post 4.48 EPS for the current year.

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Wednesday, April 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, April 29th. Phoenix Education Partners’s payout ratio is 28.00%.

About Phoenix Education Partners

(Get Free Report)

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.

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Analyst Recommendations for Phoenix Education Partners (NYSE:PXED)

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