Pearson (NYSE:PSO) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Pearson from “hold” to “buy,” while the broader analyst consensus remains “Hold,” with two Buy ratings and five Hold ratings.
• Pearson shares opened at $16.71, near their 12-month high of $17.75; the stock’s 50-day and 200-day moving averages were $16.42 and $14.81, respectively.
• Institutional investors and hedge funds adjusted their positions, including significant purchases by Millennium Management and JPMorgan Chase; institutions collectively own 2.14% of Pearson’s stock.

Pearson (NYSE:PSO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Pearson in a report on Monday, August 3rd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Pearson in a research report on Tuesday, July 14th. The Goldman Sachs Group lowered shares of Pearson from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Pearson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".

Pearson Price Performance

NYSE:PSO opened at $16.71 on Friday. The stock has a 50 day moving average of $16.42 and a two-hundred day moving average of $14.81. Pearson has a 12 month low of $12.02 and a 12 month 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.

Institutional Trading of Pearson

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Pearson by 16.2% in the first quarter. AQR Capital Management LLC now owns 71,670 shares of the company's stock valued at $1,147,000 after acquiring an additional 9,977 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Pearson in the 1st quarter valued at approximately $11,546,000. NewEdge Advisors LLC raised its holdings in shares of Pearson by 10,532.1% in the 1st quarter. NewEdge Advisors LLC now owns 25,836 shares of the company's stock valued at $414,000 after purchasing an additional 25,593 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Pearson by 2.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company's stock valued at $34,336,000 after purchasing an additional 44,349 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Pearson by 672.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company's stock worth $3,906,000 after purchasing an additional 227,725 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

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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