Zacks Investment Research upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a report published on Saturday, January 13th. The brokerage currently has $11.00 price target on the stock.
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. “
A number of other analysts also recently commented on PSO. Deutsche Bank downgraded Pearson from a hold rating to a sell rating in a report on Tuesday, September 26th. BNP Paribas upgraded Pearson from an underperform rating to an outperform rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Pearson presently has an average rating of Hold and a consensus price target of $11.00.
Pearson (NYSE PSO) opened at $9.51 on Friday. Pearson has a 52 week low of $7.18 and a 52 week high of $10.01. The company has a current ratio of 1.62, a quick ratio of 1.49 and a debt-to-equity ratio of 0.46.
A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in Pearson by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,521 shares of the company’s stock valued at $1,189,000 after buying an additional 393 shares during the last quarter. Wells Fargo & Company MN boosted its position in Pearson by 8.8% in the 2nd quarter. Wells Fargo & Company MN now owns 152,174 shares of the company’s stock valued at $1,365,000 after buying an additional 12,270 shares during the last quarter. FDx Advisors Inc. boosted its position in Pearson by 81.8% in the 3rd quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock valued at $254,000 after buying an additional 14,025 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Pearson in the 2nd quarter valued at about $127,000. Finally, Mackenzie Financial Corp lifted its position in shares of Pearson by 72.1% during the third quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock worth $380,000 after purchasing an additional 19,561 shares during the last quarter. 1.38% of the stock is owned by institutional investors.
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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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