Pearson (PSO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a research report report published on Tuesday.

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 analysts also recently weighed in on PSO. BNP Paribas raised Pearson from an underperform rating to an outperform rating in a research note on Wednesday, September 27th. Deutsche Bank downgraded Pearson from a hold rating to a sell rating in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.00.

Pearson (NYSE:PSO) traded up $0.10 during mid-day trading on Tuesday, reaching $9.51. The company had a trading volume of 180,215 shares, compared to its average volume of 234,905. Pearson has a fifty-two week low of $7.18 and a fifty-two week 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.

A number of hedge funds have recently bought and sold shares of PSO. Royal Bank of Canada raised its stake in Pearson by 45.8% during the 2nd quarter. Royal Bank of Canada now owns 905,813 shares of the company’s stock worth $8,125,000 after buying an additional 284,612 shares during the period. JPMorgan Chase & Co. raised its stake in Pearson by 370.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,980 shares of the company’s stock worth $2,593,000 after buying an additional 252,766 shares during the period. Parametric Portfolio Associates LLC raised its stake in Pearson by 58.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 340,847 shares of the company’s stock worth $3,057,000 after buying an additional 125,554 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Pearson during the 3rd quarter worth approximately $880,000. Finally, SG Americas Securities LLC raised its stake in Pearson by 59.7% during the 3rd quarter. SG Americas Securities LLC now owns 149,701 shares of the company’s stock worth $1,219,000 after buying an additional 55,988 shares during the period. 1.39% of the stock is currently owned by institutional investors and hedge funds.

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About Pearson

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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