Pearson, PLC (PSO) Upgraded at Zacks Investment Research
Pearson, PLC (NYSE:PSO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $10.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.89% from the stock’s current price.
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. “
Several other research analysts also recently commented on the company. BNP Paribas raised Pearson, PLC from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 27th. Deutsche Bank AG downgraded Pearson, PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, BidaskClub downgraded Pearson, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Pearson, PLC has an average rating of “Hold” and an average target price of $10.00.
Pearson, PLC (NYSE PSO) opened at $9.10 on Thursday. Pearson, PLC has a twelve month low of $7.04 and a twelve month high of $10.31. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 0.46.
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Several large investors have recently made changes to their positions in PSO. Bank of New York Mellon Corp lifted its stake in shares of Pearson, PLC by 41.3% in the 1st quarter. Bank of New York Mellon Corp now owns 34,427 shares of the company’s stock valued at $292,000 after purchasing an additional 10,060 shares during the period. Morgan Stanley lifted its stake in shares of Pearson, PLC by 17.3% in the 1st quarter. Morgan Stanley now owns 223,462 shares of the company’s stock valued at $1,894,000 after purchasing an additional 32,939 shares during the period. Paloma Partners Management Co acquired a new position in shares of Pearson, PLC in the 1st quarter valued at about $193,000. Credit Suisse AG lifted its stake in shares of Pearson, PLC by 10.0% in the 1st quarter. Credit Suisse AG now owns 200,000 shares of the company’s stock valued at $1,696,000 after purchasing an additional 18,213 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Pearson, PLC by 8.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 265,042 shares of the company’s stock valued at $2,248,000 after purchasing an additional 19,690 shares during the period. 1.53% of the stock is currently owned by institutional investors.
About Pearson, PLC
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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