Phoenix Education Partners (NYSE:PXED – Get Free Report) had its price objective decreased by equities researchers at Truist Financial from $38.00 to $23.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial‘s price objective points to a potential upside of 6.90% from the company’s previous close.
Several other research firms have also recently weighed in on PXED. Wall Street Zen cut Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley lowered Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a report on Wednesday. Weiss Ratings downgraded Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.67.
View Our Latest Stock Analysis on PXED
Phoenix Education Partners Stock Performance
PXED traded down $1.88 during trading on Wednesday, hitting $21.52. The stock had a trading volume of 73,703 shares, compared to its average volume of 101,693. The firm has a market cap of $775.62 million and a PE ratio of 10.04. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. Phoenix Education Partners has a 12 month low of $21.25 and a 12 month high of $35.90. The company has a 50 day simple moving average of $26.01 and a 200-day simple moving average of $28.84.
Phoenix Education Partners (NYSE:PXED – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The company had revenue of $260.68 million during the quarter. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. Analysts expect that Phoenix Education Partners will post 4.46 EPS for the current year.
Insider Transactions at Phoenix Education Partners
In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the completion of the transaction, the insider owned 62,682 shares of the company’s stock, valued at $1,622,836.98. This represents a 23.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 20,703 shares of company stock worth $534,904 in the last 90 days. Insiders own 5.00% of the company’s stock.
Institutional Trading of Phoenix Education Partners
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Phoenix Education Partners during the second quarter valued at approximately $26,000. Legal & General Group Plc acquired a new position in shares of Phoenix Education Partners in the second quarter valued at $64,000. State of Alaska Department of Revenue acquired a new position in shares of Phoenix Education Partners in the third quarter valued at $51,000. State of Wyoming bought a new position in Phoenix Education Partners in the second quarter worth $78,000. Finally, Walleye Capital LLC lifted its position in Phoenix Education Partners by 23.7% in the first quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock worth $508,000 after purchasing an additional 3,097 shares during the period.
Phoenix Education Partners News Roundup
Here are the key news stories impacting Phoenix Education Partners this week:
- Positive Sentiment: The company raised its quarterly dividend 9.5%, from $0.21 to $0.23 per share. The new annualized payout is $0.92, equivalent to a yield of about 3.9%.
- Neutral Sentiment: Fiscal fourth-quarter earnings were $1.07 per share, in line with analyst estimates and up from $1.04 a year earlier. Revenue was $260.68 million; the reported results provide no clear earnings surprise to drive the shares. Phoenix Education Partners Q4 Earnings Match Estimates
- Negative Sentiment: B. Riley downgraded PXED from Buy to Neutral and cut its price target sharply, from $44 to $25. Although the new target remains above the recent share price, the lower rating and reduced target may weigh on sentiment. B. Riley Downgrades Phoenix Education Partners to Neutral
- Negative Sentiment: Morgan Stanley also downgraded PXED, moving its rating from Overweight to Equal Weight. Its $28 price target still implies potential upside from the recent price, but the rating change signals a less bullish view. Morgan Stanley recommendations
Phoenix Education Partners Company Profile
Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.
The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.
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