Pearson (NYSE:PSO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage currently has a $11.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.11% from the company’s current price.
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. “
PSO has been the topic of several other research reports. Deutsche Bank downgraded shares of Pearson from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BNP Paribas upgraded shares of Pearson from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of Pearson (PSO) opened at $9.90 on Friday. Pearson has a 52 week low of $7.04 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.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in Pearson during the 2nd quarter worth about $127,000. Dynamic Technology Lab Private Ltd acquired a new position in Pearson during the 2nd quarter worth about $237,000. FDx Advisors Inc. lifted its position in Pearson by 81.8% during the 3rd quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after buying an additional 14,025 shares in the last quarter. Mackenzie Financial Corp lifted its position in Pearson by 72.1% during the 3rd quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock worth $380,000 after buying an additional 19,561 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Pearson during the 3rd quarter worth about $880,000. Institutional investors and hedge funds own 1.39% of the company’s stock.
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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