Pearson, PLC (PSO) Raised to “Hold” at Zacks Investment Research
Pearson, PLC (NYSE:PSO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Several other equities research analysts have also recently commented on the stock. Kepler Capital Markets cut shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Macquarie raised shares of Pearson, PLC from a “neutral” rating to an “outperform” rating in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Pearson, PLC presently has a consensus rating of “Hold” and an average target price of $10.00.
Pearson, PLC (NYSE PSO) opened at 8.06 on Wednesday. Pearson, PLC has a 52-week low of $7.04 and a 52-week high of $11.69. The firm’s 50-day moving average is $8.63 and its 200 day moving average is $8.42. The firm’s market capitalization is $6.56 billion.
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Several large investors have recently modified their holdings of the stock. Karp Capital Management Corp purchased a new stake in shares of Pearson, PLC during the first quarter worth about $3,503,000. JPMorgan Chase & Co. boosted its stake in shares of Pearson, PLC by 1,685.5% in the first quarter. JPMorgan Chase & Co. now owns 382,664 shares of the company’s stock worth $3,245,000 after buying an additional 361,232 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Pearson, PLC during the first quarter worth about $1,060,000. Bank of Montreal Can boosted its stake in shares of Pearson, PLC by 127.2% in the second quarter. Bank of Montreal Can now owns 182,381 shares of the company’s stock worth $1,636,000 after buying an additional 102,092 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Pearson, PLC by 22.3% in the first quarter. UBS Group AG now owns 491,555 shares of the company’s stock worth $4,168,000 after buying an additional 89,765 shares during the last quarter. 2.03% of the stock is currently owned by institutional investors.
About Pearson, PLC
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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