Pearson (PSO) Upgraded at Zacks Investment Research
Pearson (NYSE:PSO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $11.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.11% from the company’s previous close.
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. “
A number of other research firms also recently issued reports on PSO. BNP Paribas raised Pearson from an “underperform” rating to an “outperform” rating in a research report on Wednesday, September 27th. Deutsche Bank downgraded Pearson from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Pearson presently has a consensus rating of “Hold” and an average price target of $11.00.
Pearson (NYSE:PSO) opened at $9.90 on Friday. Pearson has a 12-month low of $7.04 and a 12-month high of $10.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.49 and a current ratio of 1.62. The stock has a market capitalization of $7,880.00, a price-to-earnings ratio of -2.80, a PEG ratio of 2.42 and a beta of 0.34.
A number of hedge funds have recently modified their holdings of PSO. Wells Fargo & Company MN boosted its position in Pearson by 8.8% during the second quarter. Wells Fargo & Company MN now owns 152,174 shares of the company’s stock valued at $1,365,000 after purchasing an additional 12,270 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Pearson by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 132,521 shares of the company’s stock valued at $1,189,000 after purchasing an additional 393 shares in the last quarter. Northern Trust Corp boosted its position in Pearson by 6.7% during the second quarter. Northern Trust Corp now owns 726,814 shares of the company’s stock valued at $6,520,000 after purchasing an additional 45,855 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Pearson by 58.3% during the second quarter. Parametric Portfolio Associates LLC now owns 340,847 shares of the company’s stock valued at $3,057,000 after purchasing an additional 125,554 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Pearson by 45.8% during the second quarter. Royal Bank of Canada now owns 905,813 shares of the company’s stock valued at $8,125,000 after purchasing an additional 284,612 shares in the last quarter. 1.38% of the stock is currently owned by institutional investors.
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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