Phoenix Education Partners (NYSE:PXED) Stock Price Down 5.6% After Analyst Downgrade
by Renee Jackson · The Cerbat GemPhoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) shares dropped 5.6% during mid-day trading on Friday after B. Riley lowered their price target on the stock from $60.00 to $54.00. B. Riley currently has a buy rating on the stock. Phoenix Education Partners traded as low as $31.15 and last traded at $31.16. Approximately 104,977 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 136,067 shares. The stock had previously closed at $33.00.
A number of other research firms also recently commented on PXED. Barrington Research began coverage on shares of Phoenix Education Partners in a research note on Thursday, December 4th. They set an “outperform” rating and a $45.00 price objective for the company. Wall Street Zen raised Phoenix Education Partners from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research raised shares of Phoenix Education Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Finally, The Goldman Sachs Group decreased their price objective on Phoenix Education Partners from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $45.00.
View Our Latest Report on Phoenix Education Partners
Phoenix Education Partners Price Performance
The stock has a market cap of $1.11 billion and a price-to-earnings ratio of 29.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 1.64.
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.