Pearson, PLC (NYSE:PSO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pearson, PLC (NYSE:PSO) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have commented on PSO. Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded Pearson from a “hold” rating to a “buy” rating in a report on Sunday.

Pearson Stock Performance

Shares of Pearson stock opened at $14.74 on Friday. Pearson has a twelve month low of $12.02 and a twelve month high of $16.67. 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 fifty day moving average price is $13.70 and its 200 day moving average price is $13.47.

Pearson Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be given a dividend of $0.2346 per share. This represents a yield of 368.0%. The ex-dividend date of this dividend is Friday, March 20th.

Hedge Funds Weigh In On Pearson

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Pearson in the 4th quarter valued at $35,000. Farther Finance Advisors LLC raised its position in Pearson by 54.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,036 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pearson during the fourth quarter worth about $42,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Pearson by 31.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock worth $110,000 after buying an additional 1,874 shares during the period. Hedge funds and other institutional investors own 2.14% of the company’s stock.

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.