Pearson plc (NYSE:PSO – Get Rating) has been given a consensus rating of "Hold" by the twelve ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $1,054.67.
Several analysts have weighed in on PSO shares. StockNews.com raised Pearson from a "hold" rating to a "buy" rating in a research note on Wednesday, January 18th. Societe Generale lifted their target price on Pearson from GBX 945 ($11.67) to GBX 1,140 ($14.08) in a research note on Tuesday, October 25th. UBS Group raised Pearson from a "sell" rating to a "neutral" rating in a research note on Monday, January 16th. BNP Paribas downgraded Pearson from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 1st. Finally, Bank of America downgraded Pearson from a "neutral" rating to an "underperform" rating in a research note on Thursday, January 5th.
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Pearson Stock Down 0.7 %
Shares of Pearson stock opened at $11.30 on Wednesday. The business's fifty day moving average price is $11.36 and its two-hundred day moving average price is $10.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.95 and a quick ratio of 1.88. The company has a market capitalization of $8.09 billion, a P/E ratio of 14.68, a PEG ratio of 0.96 and a beta of 0.36. Pearson has a 1-year low of $8.05 and a 1-year high of $12.03.
Hedge Funds Weigh In On Pearson
A number of hedge funds have recently modified their holdings of PSO. Jane Street Group LLC acquired a new position in shares of Pearson in the 2nd quarter worth $9,553,000. BlackRock Inc. grew its holdings in shares of Pearson by 31.5% in 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 during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Pearson by 9.4% in the 1st quarter. Lazard Asset Management LLC now owns 4,100,720 shares of the company's stock worth $40,884,000 after acquiring an additional 352,469 shares during the last quarter. UBS Group AG grew its holdings in shares of Pearson by 113.4% in the 3rd quarter. UBS Group AG now owns 509,209 shares of the company's stock worth $4,863,000 after acquiring an additional 270,598 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Pearson by 17.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,506,718 shares of the company's stock worth $15,022,000 after acquiring an additional 228,566 shares during the last quarter. 2.83% of the stock is currently owned by institutional investors and hedge funds.
About Pearson
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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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