Zacks Investment Research downgraded shares of Pearson, PLC (NYSE:PSO) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
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. “
A number of other analysts have also recently commented on PSO. Jefferies Group LLC restated an underperform rating on shares of Pearson, PLC in a research report on Monday, March 27th. BNP Paribas cut Pearson, PLC from a neutral rating to an underperform rating in a research report on Wednesday, April 5th. Kepler Capital Markets cut Pearson, PLC from a buy rating to a hold rating in a research report on Thursday, May 11th. Finally, Exane BNP Paribas lowered Pearson, PLC from a neutral rating to an underperform rating in a research note on Thursday, April 6th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $10.00.
Pearson, PLC (NYSE PSO) opened at 9.00 on Tuesday. The firm has a 50-day moving average price of $9.01 and a 200 day moving average price of $8.70. The company’s market cap is $7.33 billion. Pearson, PLC has a 52 week low of $7.04 and a 52 week high of $13.20.
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A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of Pearson, PLC by 20.7% in the first quarter. US Bancorp DE now owns 11,872 shares of the company’s stock worth $101,000 after buying an additional 2,035 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Pearson, PLC during the fourth quarter worth approximately $105,000. Elkfork Partners LLC purchased a new position in shares of Pearson, PLC during the fourth quarter worth approximately $116,000. FCA Corp TX purchased a new position in shares of Pearson, PLC during the first quarter worth approximately $127,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Pearson, PLC during the first quarter worth approximately $143,000. 2.04% of the stock is owned by 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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