Pearson, PLC (NYSE:PSO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Pearson, PLC (NYSE:PSO) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday.

Hedge Funds Weigh In On Pearson

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

Pearson Stock Down 0.7%

Shares of PSO opened at $15.45 on Tuesday. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $15.64. The firm has a 50 day moving average price of $14.49 and a 200-day moving average price of $13.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00.

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.