Phoenix Education Partners, Inc. (NYSE:PXED) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts give Phoenix Education Partners an average recommendation of Hold (1 sell, 2 hold, 3 buy) with a 12‑month average price target of $44.00.
• PXED beat expectations last quarter with EPS of $1.38 (vs. $1.27 est.) and revenue of $262.03M (+2.9% YoY), and it pays a quarterly dividend of $0.21 (annualized yield 2.7%).

Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) has been given an average recommendation of "Hold" by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

PXED has been the topic of several analyst reports. Zacks Research lowered shares of Phoenix Education Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. BMO Capital Markets set a $39.00 target price on shares of Phoenix Education Partners in a report on Wednesday, January 14th. B. Riley Financial dropped their target price on shares of Phoenix Education Partners from $60.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, January 9th. Morgan Stanley raised their price target on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 14th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Phoenix Education Partners in a research note on Wednesday, March 25th.

Institutional Trading of Phoenix Education Partners

A number of hedge funds have recently modified their holdings of PXED. Strs Ohio acquired a new position in Phoenix Education Partners during the fourth quarter valued at approximately $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Phoenix Education Partners in the fourth quarter worth $40,000. Deutsche Bank AG acquired a new stake in Phoenix Education Partners in the fourth quarter worth $89,000. MetLife Investment Management LLC bought a new position in shares of Phoenix Education Partners during the fourth quarter worth $92,000. Finally, Sandia Investment Management LP bought a new position in shares of Phoenix Education Partners during the fourth quarter worth $161,000.

Phoenix Education Partners Trading Up 0.1%

Shares of NYSE:PXED opened at $30.69 on Monday. The company has a market cap of $1.10 billion and a PE ratio of 12.68. Phoenix Education Partners has a 1-year low of $23.52 and a 1-year high of $47.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.88 and a quick ratio of 1.88. The stock's 50-day moving average price is $29.34.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its earnings results on Tuesday, January 13th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The business had revenue of $262.03 million during the quarter, compared to the consensus estimate of $257.56 million. The firm's revenue was up 2.9% on a year-over-year basis.

Phoenix Education Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, January 28th. Phoenix Education Partners's payout ratio is presently 34.71%.

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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