Pearson (NYSE:PSO) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a report published on Saturday morning.

Several other brokerages have also commented on PSO. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Pearson Price Performance

PSO opened at $16.93 on Friday. Pearson has a one year low of $12.02 and a one year high of $17.75. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $15.95 and its 200 day moving average price is $14.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in shares of Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after buying an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Pearson during the 4th quarter worth about $35,000. Farther Finance Advisors LLC lifted its stake in Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pearson during the 4th quarter valued at about $42,000. Finally, Royal Bank of Canada grew its position in Pearson by 86.5% in the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares in the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.