Pearson (NYSE:PSO) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Pearson (NYSE:PSO) in a research report issued on Wednesday. The brokerage set a “buy” rating on the stock.

Several other analysts have also recently issued reports on the stock. National Bankshares set a $18.00 price objective on shares of Pearson in a research note on Tuesday, February 18th. StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

Pearson Trading Up 1.1 %

Shares of PSO stock opened at $15.86 on Wednesday. Pearson has a fifty-two week low of $11.78 and a fifty-two week high of $17.90. The firm has a market capitalization of $10.57 billion, a P/E ratio of 16.87, a PEG ratio of 2.65 and a beta of 0.38. The stock’s fifty day moving average is $16.54 and its two-hundred day moving average is $15.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Hedge Funds Weigh In On Pearson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSO. Formidable Asset Management LLC acquired a new stake in shares of Pearson in the fourth quarter valued at $422,000. Vident Advisory LLC boosted its stake in shares of Pearson by 8.8% in the 4th quarter. Vident Advisory LLC now owns 72,527 shares of the company’s stock valued at $1,169,000 after buying an additional 5,861 shares during the period. Tidal Investments LLC acquired a new position in shares of Pearson during the fourth quarter worth about $442,000. Quantinno Capital Management LP increased its stake in shares of Pearson by 6.6% during the fourth quarter. Quantinno Capital Management LP now owns 155,343 shares of the company’s stock worth $2,504,000 after buying an additional 9,599 shares during the period. Finally, Ethic Inc. lifted its stake in Pearson by 46.3% in the fourth quarter. Ethic Inc. now owns 169,797 shares of the company’s stock worth $2,737,000 after acquiring an additional 53,744 shares during the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.