Pearson (NYSE:PSO) Rating Increased to Buy at StockNews.com

Pearson (NYSE:PSOGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other equities analysts have also weighed in on the company. Barclays started coverage on Pearson in a research note on Thursday, March 31st. They issued an “equal weight” rating on the stock. UBS Group lowered Pearson from a “neutral” rating to a “sell” rating in a research note on Monday, January 24th. Credit Suisse Group upped their price objective on Pearson from GBX 703 ($9.16) to GBX 740 ($9.64) in a report on Monday, February 28th. Societe Generale upgraded Pearson from a “hold” rating to a “buy” rating in a report on Monday, March 14th. Finally, Bank of America assumed coverage on Pearson in a report on Thursday, March 31st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $608.50.

Shares of NYSE PSO opened at $10.29 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.98 and a current ratio of 2.04. The stock’s 50-day simple moving average is $9.49 and its two-hundred day simple moving average is $8.92. Pearson has a twelve month low of $7.68 and a twelve month high of $12.39.

A number of hedge funds have recently modified their holdings of PSO. Lazard Asset Management LLC purchased a new stake in Pearson during the 4th quarter valued at about $31,485,000. Bank of America Corp DE boosted its holdings in Pearson by 795.3% during the 4th quarter. Bank of America Corp DE now owns 1,017,385 shares of the company’s stock valued at $8,545,000 after acquiring an additional 903,743 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Pearson by 36.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 2,154,480 shares of the company’s stock worth $18,098,000 after buying an additional 573,682 shares during the period. Millennium Management LLC lifted its holdings in Pearson by 510.2% in the 4th quarter. Millennium Management LLC now owns 549,271 shares of the company’s stock worth $4,614,000 after buying an additional 459,259 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Pearson by 2,690.5% in the 4th quarter. Wells Fargo & Company MN now owns 363,687 shares of the company’s stock worth $3,055,000 after buying an additional 350,654 shares during the period. Institutional investors own 9.47% of the company’s stock.

About Pearson (Get Rating)

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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