Pearson plc (NYSE:PSO – Get Rating) shares saw unusually-strong trading volume on Monday . Approximately 401,888 shares traded hands during mid-day trading, an increase of 18% from the previous session's volume of 339,436 shares.The stock last traded at $11.48 and had previously closed at $11.36.
Analyst Ratings Changes
Several brokerages have issued reports on PSO. Deutsche Bank Aktiengesellschaft boosted their price target on Pearson from GBX 900 ($11.14) to GBX 1,140 ($14.11) in a research note on Wednesday, October 5th. JPMorgan Chase & Co. increased their price objective on Pearson from GBX 1,060 ($13.12) to GBX 1,200 ($14.86) in a report on Monday, December 12th. Morgan Stanley upped their target price on Pearson from GBX 900 ($11.14) to GBX 940 ($11.64) in a research note on Friday, December 16th. Exane BNP Paribas lowered Pearson from an "outperform" rating to a "neutral" rating in a research report on Thursday, December 1st. Finally, UBS Group upgraded Pearson from a "sell" rating to a "neutral" rating in a research report on Monday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Pearson presently has a consensus rating of "Hold" and a consensus target price of $1,015.43.
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Pearson Stock Up 0.9 %
The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $10.67. The company has a current ratio of 1.95, a quick ratio of 1.88 and a debt-to-equity ratio of 0.26.
Hedge Funds Weigh In On Pearson
Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in shares of Pearson by 9.4% during the 1st 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 period. Goldman Sachs Group Inc. lifted its stake in Pearson by 11.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,679,256 shares of the company's stock worth $15,483,000 after acquiring an additional 172,538 shares in the last quarter. BlackRock Inc. lifted its stake in Pearson by 31.5% during the 1st quarter. BlackRock Inc. now owns 1,659,201 shares of the company's stock worth $16,542,000 after acquiring an additional 397,676 shares in the last quarter. Bank of America Corp DE increased its holdings in Pearson by 8.3% during the 1st quarter. Bank of America Corp DE now owns 1,101,739 shares of the company's stock worth $10,984,000 after purchasing an additional 84,354 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Pearson in the 2nd quarter valued at about $9,553,000. 2.83% of the stock is owned by institutional investors and hedge funds.
Pearson Company Profile
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Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management.
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