Analysts Set Pearson, PLC (NYSE:PSO) PT at $18.00

Shares of Pearson, PLC (NYSE:PSO) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts have recently issued reports on PSO shares. Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Citigroup assumed coverage on Pearson in a research note on Monday, January 12th. They issued a “buy” rating on the stock. Morgan Stanley started coverage on shares of Pearson in a research note on Monday, October 20th. They set an “equal weight” rating for the company. Finally, Weiss Ratings cut shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th.

Institutional Trading of Pearson

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after acquiring an additional 1,590 shares during the last quarter. First Horizon Advisors Inc. raised 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 worth $32,000 after purchasing an additional 2,067 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,036 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Pearson by 113.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company’s stock valued at $52,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Pearson during the 2nd quarter worth about $64,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Stock Performance

Shares of NYSE PSO opened at $13.15 on Wednesday. The firm’s 50 day moving average price is $13.54 and its 200 day moving average price is $13.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. Pearson has a 1 year low of $12.42 and a 1 year high of $17.90.

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.