Phoenix Education Partners (NYSE:PXED) Shares Gap Down - What's Next?

Key Points

• Phoenix Education Partners shares fell 5.9%, opening at $24.85 versus the prior close of $26.01 and later trading near $24.27.
• Analyst sentiment remains mixed but leans positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $41, despite recent upgrades, downgrades, and target-price cuts.
• The company’s latest quarterly results exceeded expectations, with EPS of $1.43 versus a $1.28 consensus on revenue of $271.8 million; analysts project $4.46 in full-year EPS.

Shares of Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $26.01, but opened at $24.85. Phoenix Education Partners shares last traded at $24.2710, with a volume of 23,077 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PXED shares. Zacks Research upgraded shares of Phoenix Education Partners from a "strong sell" rating to a "hold" rating in a report on Thursday, October 1st. Jefferies Financial Group upgraded shares of Phoenix Education Partners to a "strong-buy" rating in a research note on Wednesday, September 23rd. Weiss Ratings cut Phoenix Education Partners from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday. B. Riley Financial cut their target price on Phoenix Education Partners from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded Phoenix Education Partners from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.00.

Phoenix Education Partners Trading Down 5.9%

The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The firm's 50-day simple moving average is $27.35 and its 200 day simple moving average is $29.34. The stock has a market capitalization of $882.25 million and a P/E ratio of 11.38.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its quarterly 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 net margin of 8.18% and a return on equity of 60.06%. The company had revenue of $271.80 million during the quarter. Equities research analysts anticipate that Phoenix Education Partners, Inc. will post 4.46 EPS for the current fiscal year.

Institutional Trading of Phoenix Education Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXED. Public Employees Retirement System of Ohio acquired a new stake in shares of Phoenix Education Partners during the 2nd quarter valued at $26,000. Legal & General Group Plc bought a new stake in shares of Phoenix Education Partners during the 2nd quarter worth $64,000. State of Wyoming bought a new stake in shares of Phoenix Education Partners during the 2nd quarter worth $78,000. Walleye Capital LLC grew its holdings in shares of Phoenix Education Partners by 23.7% in the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company's stock worth $508,000 after acquiring an additional 3,097 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Phoenix Education Partners by 55.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company's stock worth $345,000 after acquiring an additional 3,898 shares during the last quarter.

About Phoenix Education Partners

Phoenix Education Partners, Inc NYSE: PXED is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.

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