Phoenix Education Partners (NYSE:PXED) Rating Increased to Buy at Wall Street Zen

Phoenix Education Partners (NYSE:PXED - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research firms also recently commented on PXED. Weiss Ratings initiated coverage on shares of Phoenix Education Partners in a research note on Wednesday, January 14th. They set a "sell (d+)" rating on the stock. Morgan Stanley upped their target price on shares of Phoenix Education Partners from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. Zacks Research cut shares of Phoenix Education Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. B. Riley Financial decreased their price target on Phoenix Education Partners from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Friday, January 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $45.00 price objective on shares of Phoenix Education Partners in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Phoenix Education Partners has a consensus rating of "Hold" and an average price target of $44.00.

Phoenix Education Partners Stock Down 0.7%

PXED stock opened at $30.39 on Friday. The business's 50 day simple moving average is $29.21. Phoenix Education Partners has a 52-week low of $23.52 and a 52-week high of $47.08. The stock has a market cap of $1.09 billion and a P/E ratio of 10.13. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last released its earnings results on Tuesday, April 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.34 by $0.24. The business had revenue of $222.46 million for the quarter, compared to analysts' expectations of $219.71 million. The company's quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Phoenix Education Partners will post 4.48 EPS for the current year.

Institutional Investors Weigh In On Phoenix Education Partners

Several large investors have recently made changes to their positions in PXED. Van Berkom & Associates Inc. bought a new stake in shares of Phoenix Education Partners during the fourth quarter valued at approximately $44,774,000. Massachusetts Financial Services Co. MA acquired a new stake in Phoenix Education Partners in the 4th quarter valued at approximately $21,681,000. Wellington Management Group LLP bought a new stake in Phoenix Education Partners during the 4th quarter valued at $10,559,000. Alyeska Investment Group L.P. bought a new stake in Phoenix Education Partners during the 4th quarter valued at $7,989,000. Finally, FIL Ltd acquired a new position in Phoenix Education Partners during the 4th quarter worth $7,575,000.

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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