Pearson PLC (NYSE:PSO) Given Consensus Rating of “Hold” by Analysts
Pearson PLC (NYSE:PSO) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.89.
PSO has been the topic of several research reports. UBS Group initiated coverage on shares of Pearson in a report on Thursday, March 7th. They issued a “neutral” rating and a $10.89 target price on the stock. JPMorgan Chase & Co. upgraded shares of Pearson from a “neutral” rating to an “overweight” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research cut shares of Pearson from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Pearson by 1,300.8% in the third quarter. JPMorgan Chase & Co. now owns 263,690 shares of the company’s stock valued at $3,037,000 after purchasing an additional 244,866 shares during the last quarter. Creative Planning grew its stake in Pearson by 12.7% in the fourth quarter. Creative Planning now owns 13,006 shares of the company’s stock valued at $155,000 after acquiring an additional 1,468 shares during the period. Henry James International Management Inc. grew its stake in Pearson by 68.4% in the fourth quarter. Henry James International Management Inc. now owns 261,153 shares of the company’s stock valued at $3,118,000 after acquiring an additional 106,091 shares during the period. Acadian Asset Management LLC acquired a new position in Pearson in the fourth quarter valued at about $82,000. Finally, AdvisorNet Financial Inc acquired a new position in Pearson in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 1.31% of the company’s stock.
Pearson Company Profile
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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