Pearson (NYSE:PSO) Price Target Raised to GBX 975

Pearson (NYSE:PSOGet Rating) had its target price lifted by Credit Suisse Group from GBX 835 ($10.23) to GBX 975 ($11.95) in a report issued on Tuesday morning, The Fly reports.

PSO has been the topic of a number of other research reports. Barclays increased their price objective on Pearson from GBX 770 ($9.44) to GBX 775 ($9.50) in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft raised Pearson from a hold rating to a buy rating in a report on Tuesday, June 21st. Morgan Stanley increased their price objective on Pearson from GBX 760 ($9.31) to GBX 800 ($9.80) in a report on Wednesday, July 20th. The Goldman Sachs Group assumed coverage on Pearson in a report on Sunday, April 10th. They set a buy rating on the stock. Finally, StockNews.com lowered Pearson from a buy rating to a hold rating in a research note on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Pearson has a consensus rating of Hold and a consensus target price of $832.50.

Pearson Stock Performance

Shares of NYSE PSO opened at $10.73 on Tuesday. The business’s fifty day moving average price is $9.47 and its 200-day moving average price is $9.46. The company has a quick ratio of 1.98, a current ratio of 1.95 and a debt-to-equity ratio of 0.26. Pearson has a one year low of $7.68 and a one year high of $11.21.

Pearson Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, August 12th will be given a dividend of $0.8062 per share. The ex-dividend date is Thursday, August 11th. This is a positive change from Pearson’s previous semi-annual dividend of $0.19. This represents a dividend yield of 2.4%.

Hedge Funds Weigh In On Pearson

Several institutional investors have recently modified their holdings of the company. M&T Bank Corp increased its position in shares of Pearson by 51.6% during the 2nd quarter. M&T Bank Corp now owns 28,133 shares of the company’s stock valued at $258,000 after purchasing an additional 9,578 shares during the last quarter. Zions Bancorporation N.A. grew its position in Pearson by 13.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 14,416 shares of the company’s stock worth $133,000 after acquiring an additional 1,687 shares during the last quarter. OLD Mission Capital LLC bought a new position in Pearson during the 2nd quarter worth approximately $212,000. Janney Montgomery Scott LLC grew its position in Pearson by 21.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,838 shares of the company’s stock worth $257,000 after acquiring an additional 4,969 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new position in Pearson during the 2nd quarter worth approximately $118,000. 10.35% of the stock is currently owned by institutional investors.

About Pearson

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Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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