Pearson plc (NYSE:PSO) Receives $989.71 Average PT from Brokerages

Pearson plc (NYSE:PSOGet Rating) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $989.71.

PSO has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Pearson from GBX 850 ($9.79) to GBX 900 ($10.36) in a research note on Thursday, September 8th. Deutsche Bank Aktiengesellschaft upped their target price on Pearson from GBX 900 ($10.36) to GBX 1,140 ($13.13) in a research note on Wednesday, October 5th. StockNews.com initiated coverage on Pearson in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. UBS Group upped their target price on Pearson from GBX 620 ($7.14) to GBX 780 ($8.98) in a research note on Tuesday, August 2nd. Finally, Societe Generale upped their price target on Pearson from GBX 945 ($10.88) to GBX 1,140 ($13.13) in a report on Tuesday, October 25th.

Hedge Funds Weigh In On Pearson

A number of hedge funds have recently made changes to their positions in PSO. Jane Street Group LLC acquired a new position in shares of Pearson during the second quarter valued at approximately $9,553,000. BlackRock Inc. raised its holdings in shares of Pearson by 31.5% during the first quarter. BlackRock Inc. now owns 1,659,201 shares of the company’s stock valued at $16,542,000 after acquiring an additional 397,676 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Pearson by 9.4% during the first quarter. Lazard Asset Management LLC now owns 4,100,720 shares of the company’s stock valued at $40,884,000 after acquiring an additional 352,469 shares during the last quarter. UBS Group AG raised its holdings in shares of Pearson by 113.4% during the third quarter. UBS Group AG now owns 509,209 shares of the company’s stock valued at $4,863,000 after acquiring an additional 270,598 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Pearson by 17.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,506,718 shares of the company’s stock valued at $15,022,000 after acquiring an additional 228,566 shares during the last quarter. Institutional investors and hedge funds own 3.09% of the company’s stock.

Pearson Stock Performance

Pearson stock opened at $11.07 on Friday. Pearson has a fifty-two week low of $7.68 and a fifty-two week high of $11.20. The company has a current ratio of 1.95, a quick ratio of 1.88 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $9.91.

Pearson Company Profile

(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.

Recommended Stories

Analyst Recommendations for Pearson (NYSE:PSO)

Receive News & Ratings for Pearson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson and related companies with MarketBeat.com's FREE daily email newsletter.