Phoenix Education Partners, Inc. (NYSE:PXED) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Phoenix Education Partners, with four buy ratings and three holds. The average 12-month price target is $41.60, well above the reported share price of $28.83.
• Phoenix Education Partners exceeded quarterly earnings expectations, reporting $1.43 in EPS versus the $1.28 consensus on $271.8 million in revenue. Analysts expect full-year EPS of approximately $4.46.
• The company declared a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a 2.9% yield; its payout ratio is 39.07%.

Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.60.

Several analysts have commented on PXED shares. Wall Street Zen downgraded Phoenix Education Partners from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Phoenix Education Partners from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 14th. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price target on shares of Phoenix Education Partners in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an "overweight" rating and set a $40.00 price objective on shares of Phoenix Education Partners in a research report on Wednesday, July 15th. Finally, BMO Capital Markets reduced their price objective on Phoenix Education Partners from $39.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, July 15th.

Phoenix Education Partners Stock Up 0.3%

Shares of Phoenix Education Partners stock opened at $28.83 on Thursday. The company has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $29.75. The stock has a market capitalization of $1.04 billion and a PE ratio of 13.41. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91.

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

Phoenix Education Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 29th. Phoenix Education Partners's dividend payout ratio (DPR) is presently 39.07%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PXED. Public Employees Retirement System of Ohio bought a new position in Phoenix Education Partners during the second quarter valued at approximately $26,000. Strs Ohio bought a new stake in Phoenix Education Partners in the 4th quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Phoenix Education Partners during the 4th quarter valued at $40,000. Legal & General Group Plc purchased a new stake in Phoenix Education Partners during the 2nd quarter valued at $64,000. Finally, California State Teachers Retirement System lifted its holdings in shares of 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 valued at $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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