StockNews.com upgraded shares of Pearson (NYSE:PSO – Get Rating) from a hold rating to a buy rating in a research note released on Friday morning.
Other analysts also recently issued research reports about the stock. Exane BNP Paribas downgraded shares of Pearson from an outperform rating to a neutral rating in a report on Thursday, December 1st. JPMorgan Chase & Co. increased their price objective on shares of Pearson from GBX 1,200 ($14.43) to GBX 1,230 ($14.79) in a report on Thursday. BNP Paribas downgraded shares of Pearson from an outperform rating to a neutral rating in a report on Thursday, December 1st. Barclays cut their price objective on shares of Pearson from GBX 945 ($11.36) to GBX 915 ($11.00) in a report on Monday, March 6th. Finally, Morgan Stanley increased their price target on shares of Pearson from GBX 900 ($10.82) to GBX 940 ($11.30) in a research note on Friday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $1,020.43.
Pearson Stock Performance
PSO opened at $10.17 on Friday. Pearson has a twelve month low of $8.84 and a twelve month high of $12.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.84 and a current ratio of 1.91. The company has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.83.
Hedge Funds Weigh In On Pearson
A number of hedge funds have recently made changes to their positions in PSO. Signaturefd LLC raised its holdings in shares of Pearson by 10.0% in the 3rd quarter. Signaturefd LLC now owns 10,518 shares of the company’s stock valued at $100,000 after purchasing an additional 953 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Pearson by 8.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,693 shares of the company’s stock valued at $140,000 after purchasing an additional 1,132 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Pearson by 11.0% during the 1st quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock worth $116,000 after acquiring an additional 1,153 shares in the last quarter. Captrust Financial Advisors raised its stake in Pearson by 88.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,064 shares of the company’s stock worth $28,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Schechter Investment Advisors LLC raised its stake in Pearson by 4.9% during the 3rd quarter. Schechter Investment Advisors LLC now owns 31,103 shares of the company’s stock worth $297,000 after acquiring an additional 1,451 shares in the last quarter. Hedge funds and other institutional investors own 2.83% of the company’s stock.
About Pearson
Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management.
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