Pearson (NYSE:PSO) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of Pearson (NYSE:PSO) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also recently weighed in on PSO. Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a research report on Monday, December 29th. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Morgan Stanley started coverage on Pearson in a research note on Monday, October 20th. They set an “equal weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Pearson Price Performance

Shares of PSO stock opened at $14.37 on Monday. The firm has a fifty day simple moving average of $13.60 and a 200-day simple moving average of $14.12. Pearson has a twelve month low of $12.85 and a twelve month high of $17.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31.

Institutional Trading of Pearson

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after buying an additional 1,590 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Pearson by 3,131.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock valued at $32,000 after acquiring an additional 2,067 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Pearson by 113.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company’s stock valued at $52,000 after acquiring an additional 1,859 shares in the last quarter. Global Trust Asset Management LLC bought a new position in Pearson during the second quarter worth $64,000. Finally, AlphaCore Capital LLC bought a new position in Pearson during the second quarter worth $70,000. 2.14% of the stock is owned by institutional investors.

Pearson Company Profile

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.