Pearson (PSO) Downgraded by Zacks Investment Research to “Hold”

Pearson (NYSE:PSO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, December 20th.

According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “

Other equities research analysts also recently issued reports about the company. BNP Paribas upgraded Pearson from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 27th. Deutsche Bank downgraded Pearson from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.00.

Shares of Pearson (NYSE PSO) traded up $0.01 on Wednesday, hitting $9.80. The stock had a trading volume of 266,548 shares, compared to its average volume of 311,719. Pearson has a 52 week low of $7.04 and a 52 week high of $10.01. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7,900.00, a P/E ratio of -2.76, a price-to-earnings-growth ratio of 2.42 and a beta of 0.34.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of Pearson by 1.5% during the second quarter. US Bancorp DE now owns 12,051 shares of the company’s stock valued at $109,000 after acquiring an additional 179 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Pearson by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 132,521 shares of the company’s stock valued at $1,189,000 after acquiring an additional 393 shares in the last quarter. Timber Hill LLC increased its holdings in shares of Pearson by 31.3% during the second quarter. Timber Hill LLC now owns 16,919 shares of the company’s stock valued at $152,000 after acquiring an additional 4,035 shares in the last quarter. FCA Corp TX increased its holdings in shares of Pearson by 33.3% during the second quarter. FCA Corp TX now owns 20,000 shares of the company’s stock valued at $179,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Pearson by 8.8% during the second quarter. Wells Fargo & Company MN now owns 152,174 shares of the company’s stock valued at $1,365,000 after acquiring an additional 12,270 shares in the last quarter. Hedge funds and other institutional investors own 1.38% of the company’s stock.

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About Pearson

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

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