Phoenix Education Partners (NYSE:PXED) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Phoenix Education Partners from “hold” to “strong sell,” despite mixed opinions from other analysts. The overall consensus remains “Hold,” with a $41.60 average price target.
• PXED shares opened at $29.97, near their 50-day and 200-day moving averages, with a $1.08 billion market capitalization and a 13.94 P/E ratio. The stock’s 52-week range is $23.52 to $47.08.
• Phoenix Education Partners exceeded quarterly earnings expectations, reporting $1.43 in EPS versus the $1.28 consensus estimate on $271.8 million in revenue. Several institutional investors also recently initiated or increased positions in the company.

Phoenix Education Partners (NYSE:PXED - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Wednesday, Zacks reports.

Several other analysts have also weighed in on PXED. Weiss Ratings raised Phoenix Education Partners from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 14th. B. Riley Financial dropped their target price on shares of Phoenix Education Partners from $54.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Barrington Research restated an "outperform" rating and issued a $45.00 price target on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, BMO Capital Markets lowered their price objective on shares of 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, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.60.

Phoenix Education Partners Stock Down 0.1%

Shares of PXED opened at $29.97 on Wednesday. The firm has a 50 day simple moving average of $30.18 and a two-hundred day simple moving average of $29.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.92. Phoenix Education Partners has a one year low of $23.52 and a one year high of $47.08. The company has a market cap of $1.08 billion and a P/E ratio of 13.94.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $271.80 million for the quarter. Research analysts forecast that Phoenix Education Partners will post 4.46 EPS for the current fiscal year.

Institutional Trading of Phoenix Education Partners

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Phoenix Education Partners during the second quarter worth about $26,000. Strs Ohio bought a new position in Phoenix Education Partners in the 4th quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in Phoenix Education Partners in the 4th quarter valued at approximately $40,000. Legal & General Group Plc acquired a new stake in Phoenix Education Partners during the 2nd quarter worth approximately $64,000. Finally, California State Teachers Retirement System boosted its position in Phoenix Education Partners by 758.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,300 shares of the company's stock worth $70,000 after buying an additional 2,032 shares during the period.

Phoenix Education Partners Company Profile

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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