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

Shares of Phoenix Education Partners, Inc. (NYSE:PXEDGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $34.57, but opened at $30.80. Phoenix Education Partners shares last traded at $31.1030, with a volume of 77,060 shares.

Key Headlines Impacting Phoenix Education Partners

Here are the key news stories impacting Phoenix Education Partners this week:

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PXED shares. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. BMO Capital Markets decreased their price target on shares of Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a research report on Wednesday. Finally, Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.20.

View Our Latest Stock Report on PXED

Phoenix Education Partners Trading Up 1.0%

The stock’s fifty day moving average price is $31.24 and its 200 day moving average price is $30.20. The company has a quick ratio of 2.01, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.10 billion and a PE ratio of 14.17.

Phoenix Education Partners (NYSE:PXEDGet Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. The company had revenue of $271.80 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. On average, sell-side analysts forecast that Phoenix Education Partners, Inc. will post 4.5 EPS for the current year.

Phoenix Education Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. Phoenix Education Partners’s payout ratio is currently 39.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PXED. Van Berkom & Associates Inc. bought a new stake in Phoenix Education Partners during the fourth quarter valued at approximately $44,774,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Phoenix Education Partners in the 4th quarter worth $21,681,000. Wellington Management Group LLP purchased a new position in Phoenix Education Partners during the fourth quarter valued at $10,559,000. Alyeska Investment Group L.P. bought a new stake in Phoenix Education Partners during the fourth quarter valued at about $7,989,000. Finally, FIL Ltd bought a new stake in Phoenix Education Partners during the fourth quarter valued at about $7,575,000.

Phoenix Education Partners Company Profile

(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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