Pearson, PLC (PSO) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Pearson, PLC (NYSE:PSO) from a sell rating to a hold rating in a report released on Wednesday morning.
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. “
PSO has been the subject of several other reports. Macquarie upgraded shares of Pearson, PLC from a neutral rating to an outperform rating in a research note on Friday, July 14th. Kepler Capital Markets downgraded shares of Pearson, PLC from a buy rating to a hold rating in a research note on Thursday, May 11th. Finally, BidaskClub downgraded shares of Pearson, PLC from a buy rating to a hold rating in a research note on Thursday, July 13th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Pearson, PLC has an average rating of Hold and an average target price of $10.00.
Shares of Pearson, PLC (NYSE PSO) traded down 0.50% during midday trading on Wednesday, hitting $7.95. 627,433 shares of the stock were exchanged. The firm has a 50 day moving average of $8.50 and a 200 day moving average of $8.42. The firm’s market cap is $6.48 billion. Pearson, PLC has a 12-month low of $7.04 and a 12-month high of $11.69.
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The business also recently declared a semiannual dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 18th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a yield of 1.6%.
Hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Pearson, PLC by 20.7% in the first quarter. US Bancorp DE now owns 11,872 shares of the company’s stock valued at $101,000 after buying an additional 2,035 shares in the last quarter. FCA Corp TX bought a new stake in Pearson, PLC during the first quarter valued at about $127,000. Greenleaf Trust bought a new stake in Pearson, PLC during the first quarter valued at about $143,000. Fox Run Management L.L.C. bought a new stake in Pearson, PLC during the first quarter valued at about $143,000. Finally, Timber Hill LLC boosted its stake in Pearson, PLC by 31.3% in the second quarter. Timber Hill LLC now owns 16,919 shares of the company’s stock valued at $152,000 after buying an additional 4,035 shares in the last quarter. 2.03% of the stock is currently owned by hedge funds and other institutional investors.
Pearson, PLC Company Profile
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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