Phoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) saw unusually-high trading volume on Tuesday . 167,077 shares were traded during trading, an increase of 59% from the previous session’s volume of 104,989 shares.The stock last traded at $28.2420 and had previously closed at $28.53.
Analysts Set New Price Targets
Several brokerages have commented on PXED. Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Morgan Stanley restated an “overweight” rating and set a $40.00 price target on shares of Phoenix Education Partners in a report on Wednesday, July 15th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Phoenix Education Partners in a research report on Tuesday, May 19th. Finally, BMO Capital Markets lowered their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Phoenix Education Partners has an average rating of “Moderate Buy” and an average price target of $41.60.
Check Out Our Latest Stock Analysis on Phoenix Education Partners
Phoenix Education Partners Price Performance
Phoenix Education Partners (NYSE:PXED – Get Free Report) last issued its quarterly earnings data 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 during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. As a group, sell-side analysts predict that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.
Phoenix Education Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Wednesday, July 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Phoenix Education Partners’s dividend payout ratio is 39.07%.
Institutional Investors Weigh In On Phoenix Education Partners
Several large investors have recently modified their holdings of PXED. Strs Ohio purchased a new stake in Phoenix Education Partners in the 4th quarter valued at $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Phoenix Education Partners in the fourth quarter valued at $40,000. Deutsche Bank AG acquired a new position in Phoenix Education Partners in the fourth quarter valued at $89,000. MetLife Investment Management LLC purchased a new stake in shares of Phoenix Education Partners in the fourth quarter valued at about $92,000. Finally, State of Wyoming acquired a new stake in shares of Phoenix Education Partners during the first quarter worth about $151,000.
About Phoenix Education Partners
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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