Nov. 3 at 3:00 PM
$PXED Investing. com - Jefferies initiated coverage on Phoenix Education Partners (NYSE:PXED) with a Buy rating and a
$46.00 price target on Monday. This target aligns closely with InvestingPro’s Fair Value assessment, which suggests the education company is currently undervalued at its current price of
$36.95.
The research firm cited the education company’s attractive valuation of approximately 6.5x EBITDA compared to the peer average of 11x as a key factor in its positive outlook. InvestingPro data confirms this assessment, showing PXED’s current EV/EBITDA at 6.11, with the company’s market cap standing at
$1.32 billion.
Jefferies highlighted PXED’s revenue predictability and strong operating leverage as additional reasons for the Buy rating, noting the company’s focus on aligning coursework with career-relevant skills.
The firm also pointed to Phoenix Education Partners’ completion of technology investments as a positive development for future growth prospects.