Zacks Investment Research Downgrades Pearson PLC (PSO) to Sell
Pearson PLC (NYSE:PSO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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. “
Other equities analysts have also recently issued research reports about the company. Beaufort Securities reissued a “buy” rating on shares of Pearson PLC in a research report on Monday, August 1st. Shore Capital reissued a “hold” rating on shares of Pearson PLC in a research report on Sunday, July 31st. Societe Generale cut Pearson PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. BNP Paribas cut Pearson PLC from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson PLC in a research report on Tuesday, June 21st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold”.
Shares of Pearson PLC (NYSE:PSO) opened at 9.89 on Thursday. The stock has a market capitalization of $8.06 billion, a P/E ratio of 9.06 and a beta of 0.32. Pearson PLC has a 12-month low of $9.18 and a 12-month high of $18.78. The firm’s 50-day moving average price is $10.89 and its 200 day moving average price is $11.83.
The business also recently disclosed a dividend, which was paid on Wednesday, September 21st. Stockholders of record on Friday, August 19th were paid a $0.238 dividend. The ex-dividend date was Wednesday, August 17th.
Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Pearson PLC by 59.1% in the first quarter. Aperio Group LLC now owns 407,909 shares of the company’s stock worth $5,115,000 after buying an additional 151,448 shares during the period. UBS Group AG raised its stake in Pearson PLC by 22.0% in the first quarter. UBS Group AG now owns 619,775 shares of the company’s stock worth $7,772,000 after buying an additional 111,740 shares during the period. Goldman Sachs Group Inc. raised its stake in Pearson PLC by 351.1% in the first quarter. Goldman Sachs Group Inc. now owns 201,286 shares of the company’s stock worth $2,524,000 after buying an additional 156,669 shares during the period. Renaissance Technologies LLC raised its stake in Pearson PLC by 8.1% in the first quarter. Renaissance Technologies LLC now owns 1,800,300 shares of the company’s stock worth $22,576,000 after buying an additional 134,900 shares during the period. Finally, Cutler Group LP raised its stake in Pearson PLC by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock worth $125,000 after buying an additional 4,418 shares during the period. Institutional investors own 2.10% of the company’s stock.
Pearson PLC Company Profile
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
Receive News & Stock Ratings for Pearson PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson PLC and related stocks with our FREE daily email newsletter.