Pearson (NYSE:PSO) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Pearson from “Buy” to “Hold.” The move follows similar neutral or hold ratings from JPMorgan, Goldman Sachs, Deutsche Bank, and Citigroup; MarketBeat’s consensus rating is “Hold,” based on one Buy and six Hold ratings.
• Pearson shares opened at $15.98, with a 52-week range of $12.02 to $17.75. The stock’s 50-day and 200-day moving averages were $16.54 and $14.95, respectively.
• Institutional investors and hedge funds recently increased or initiated positions in Pearson, but they collectively own only 2.14% of the company’s stock.

Pearson (NYSE:PSO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on PSO. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Pearson in a report on Tuesday, July 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Pearson in a report on Tuesday. The Goldman Sachs Group downgraded Pearson from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Pearson in a report on Monday, August 3rd. Finally, Citigroup downgraded shares of Pearson from a "buy" rating to a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Pearson Stock Performance

Shares of PSO opened at $15.98 on Friday. Pearson has a 52 week low of $12.02 and a 52 week high of $17.75. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. The firm's 50-day simple moving average is $16.54 and its 200 day simple moving average is $14.95.

Institutional Investors Weigh In On Pearson

Several institutional investors and hedge funds have recently made changes to their positions in PSO. CIBC Private Wealth Group LLC lifted its stake in shares of Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company's stock worth $25,000 after acquiring an additional 1,590 shares during the period. Kestra Advisory Services LLC acquired a new stake in Pearson during the 4th quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Pearson during the 4th quarter valued at approximately $42,000. Royal Bank of Canada raised its holdings in Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company's stock worth $74,000 after purchasing an additional 2,604 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Pearson by 31.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company's stock worth $110,000 after purchasing an additional 1,874 shares during the period. Institutional investors and hedge funds own 2.14% of the company's stock.

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.

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