Pearson PLC (PSO) Lowered to Underperform at Credit Suisse Group AG
Pearson PLC (NYSE:PSO) was downgraded by research analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a report issued on Tuesday.
A number of other analysts have also issued reports on PSO. Shore Capital restated a “hold” rating on shares of Pearson PLC in a research report on Sunday, July 31st. Beaufort Securities reiterated a “buy” rating on shares of Pearson PLC in a report on Monday, August 1st. Zacks Investment Research upgraded shares of Pearson PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. BNP Paribas lowered shares of Pearson PLC from an “outperform” rating to a “neutral” rating in a report on Thursday, September 22nd. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Pearson PLC in a report on Tuesday, September 27th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Pearson PLC (NYSE:PSO) opened at 9.78 on Tuesday. The firm has a market cap of $7.97 billion, a P/E ratio of 9.40 and a beta of 0.32. Pearson PLC has a 52 week low of $8.99 and a 52 week high of $13.20. The company’s 50 day moving average is $9.48 and its 200-day moving average is $11.11.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its position in Pearson PLC by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock worth $107,000 after buying an additional 724 shares during the last quarter. Cutler Group LP raised its position 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 last quarter. Stevens Capital Management LP purchased a new position in Pearson PLC during the third quarter worth about $104,000. Nuveen Fund Advisors LLC purchased a new position in Pearson PLC during the second quarter worth about $142,000. Finally, Bellecapital International Ltd. purchased a new position in Pearson PLC during the second quarter worth about $146,000. 2.13% of the stock is owned by hedge funds and other institutional investors.
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.
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