Phoenix Education Partners (NYSE:PXED) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Phoenix Education Partners (NYSE:PXEDFree Report) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

A number of other equities analysts have also issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. B. Riley Financial decreased their price objective on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets lowered their target price on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.60.

Get Our Latest Stock Report on Phoenix Education Partners

Phoenix Education Partners Price Performance

NYSE:PXED opened at $29.97 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.08 billion and a PE ratio of 13.94. Phoenix Education Partners has a 12 month low of $23.52 and a 12 month high of $47.08. The company’s 50-day moving average price is $30.18 and its two-hundred day moving average price is $29.80.

Phoenix Education Partners (NYSE:PXEDGet Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%.The company had revenue of $271.80 million for the quarter. On average, equities analysts anticipate that Phoenix Education Partners will post 4.46 EPS for the current fiscal year.

Phoenix Education Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Wednesday, July 29th were issued a $0.21 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.84 annualized dividend and a yield of 2.8%. Phoenix Education Partners’s dividend payout ratio (DPR) is 39.07%.

Hedge Funds Weigh In On Phoenix Education Partners

Several institutional investors and hedge funds have recently made changes to their positions in PXED. California State Teachers Retirement System increased its position in shares of Phoenix Education Partners by 758.2% during the second quarter. California State Teachers Retirement System now owns 2,300 shares of the company’s stock worth $70,000 after acquiring an additional 2,032 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Phoenix Education Partners by 48.3% during the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock worth $24,411,000 after buying an additional 241,997 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Phoenix Education Partners in the 2nd quarter valued at about $26,000. Bank of America Corp DE acquired a new stake in shares of Phoenix Education Partners in the second quarter valued at about $1,085,000. Finally, Man Group plc bought a new stake in Phoenix Education Partners during the second quarter worth about $486,000.

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.

Further Reading

Analyst Recommendations for Phoenix Education Partners (NYSE:PXED)

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