Pearson (NYSE:PSO) Reaches New 1-Year High – Time to Buy?

Pearson, PLC (NYSE:PSO)’s stock price reached a new 52-week high on Friday . The stock traded as high as $15.64 and last traded at $15.4850, with a volume of 398241 shares changing hands. The stock had previously closed at $15.30.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

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 stock has a fifty day moving average of $14.38 and a two-hundred day moving average of $13.62.

Hedge Funds Weigh In On Pearson

Large investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in shares of Pearson by 952.1% during the 3rd 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 purchased a new position in shares of Pearson during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC raised its holdings in shares of Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pearson during the 4th quarter valued at about $42,000. Finally, Royal Bank of Canada raised its holdings in shares of Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after buying an additional 2,604 shares in the last quarter. 2.14% of the stock is 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.