Zacks Investment Research Upgrades Pearson (NYSE:PSO) to Hold

Pearson (NYSE:PSO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

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 equities analysts also recently issued reports on the company. UBS Group raised Pearson from a “neutral” rating to a “buy” rating in a research report on Friday, September 13th. Citigroup raised Pearson from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. Finally, Deutsche Bank raised Pearson from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.95.

Shares of PSO traded down $0.03 during midday trading on Wednesday, reaching $9.00. 161,500 shares of the stock were exchanged, compared to its average volume of 256,799. Pearson has a 52 week low of $8.46 and a 52 week high of $13.19. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $9.00 and its two-hundred day moving average is $10.04. The company has a market capitalization of $7.06 billion, a P/E ratio of 9.57 and a beta of 0.13.

Several institutional investors and hedge funds have recently bought and sold shares of PSO. SG Americas Securities LLC grew its position in shares of Pearson by 150.4% during the 2nd quarter. SG Americas Securities LLC now owns 90,822 shares of the company’s stock worth $941,000 after buying an additional 54,552 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Pearson by 11.1% during the 2nd quarter. Wells Fargo & Company MN now owns 17,346 shares of the company’s stock worth $179,000 after purchasing an additional 1,740 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Pearson by 932.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,103 shares of the company’s stock worth $72,000 after purchasing an additional 6,415 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Pearson by 76.4% during the 2nd quarter. Landscape Capital Management L.L.C. now owns 62,703 shares of the company’s stock worth $650,000 after purchasing an additional 27,159 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Pearson during the 2nd quarter worth $229,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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