Pearson (NYSE:PSO) Lowered to “Buy” at StockNews.com

StockNews.com cut shares of Pearson (NYSE:PSOFree Report) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

Several other equities analysts also recently weighed in on PSO. Credit Suisse Group increased their target price on Pearson from GBX 1,000 ($12.17) to GBX 1,030 ($12.53) in a research report on Tuesday, August 1st. Barclays increased their price objective on shares of Pearson from GBX 900 ($10.95) to GBX 930 ($11.32) in a report on Monday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Pearson from GBX 1,190 ($14.48) to GBX 1,210 ($14.72) in a report on Wednesday, September 13th. Finally, UBS Group raised shares of Pearson from a neutral rating to a buy rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $1,027.50.

Read Our Latest Report on Pearson

Pearson Stock Performance

Shares of NYSE PSO opened at $11.80 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.07 and a current ratio of 2.16. Pearson has a 1 year low of $9.28 and a 1 year high of $12.03. The firm’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PSO. Advisor Group Holdings Inc. raised its stake in shares of Pearson by 175.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 21,123 shares of the company’s stock valued at $212,000 after acquiring an additional 13,454 shares during the period. JPMorgan Chase & Co. raised its position in Pearson by 11.0% in the first quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock valued at $116,000 after purchasing an additional 1,153 shares during the period. Bank of New York Mellon Corp raised its position in Pearson by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 47,051 shares of the company’s stock valued at $469,000 after purchasing an additional 5,692 shares during the period. US Bancorp DE lifted its stake in shares of Pearson by 13.7% during the first quarter. US Bancorp DE now owns 49,032 shares of the company’s stock worth $489,000 after purchasing an additional 5,926 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Pearson by 54.4% in the first quarter. HighTower Advisors LLC now owns 16,034 shares of the company’s stock worth $158,000 after buying an additional 5,649 shares during the period. 2.21% of the stock is owned by institutional investors and hedge funds.

About Pearson

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

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