Pearson, PLC (NYSE:PSO) Receives Average Rating of “Moderate Buy” from Analysts

Pearson, PLC (NYSE:PSO) has received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

PSO has been the topic of a number of recent analyst reports. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen lowered Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th.

Hedge Funds Weigh In On Pearson

A number of institutional investors have recently made changes to their positions in PSO. CIBC Private Wealth Group LLC raised its position in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Pearson in the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its holdings in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after acquiring an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pearson in the 4th quarter valued at approximately $42,000. Finally, Royal Bank of Canada increased its holdings in shares of Pearson by 86.5% in the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares during the last quarter. 2.14% of the stock is owned by institutional investors and hedge funds.

Pearson Price Performance

Shares of PSO opened at $15.57 on Tuesday. The business’s 50 day moving average is $14.44 and its two-hundred day moving average is $13.63. Pearson has a 52-week low of $12.02 and a 52-week high of $15.64. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.