Pearson (NYSE:PSO) Upgraded to Strong-Buy at Wall Street Zen

Pearson (NYSE:PSO - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Pearson in a report on Wednesday, March 26th. They issued a "buy" rating for the company. National Bankshares set a $18.00 price target on shares of Pearson in a research note on Tuesday, February 18th.

Pearson Stock Up 0.5%

NYSE:PSO traded up $0.08 on Friday, reaching $16.03. The stock had a trading volume of 553,309 shares, compared to its average volume of 469,332. Pearson has a 12-month low of $11.86 and a 12-month high of $17.90. The stock has a market cap of $10.60 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $15.90 and a 200 day moving average of $16.10.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Pearson by 244.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,278 shares of the company's stock valued at $207,000 after buying an additional 10,841 shares during the period. Blue Trust Inc. boosted its holdings in shares of Pearson by 53.6% in the fourth quarter. Blue Trust Inc. now owns 38,697 shares of the company's stock valued at $624,000 after acquiring an additional 13,499 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Pearson during the fourth quarter valued at approximately $181,000. ABC Arbitrage SA bought a new position in Pearson during the 4th quarter valued at $4,780,000. Finally, Truist Financial Corp increased its position in shares of Pearson by 15.9% during the 4th quarter. Truist Financial Corp now owns 11,842 shares of the company's stock valued at $191,000 after purchasing an additional 1,625 shares during the period. 2.14% of the stock is owned by institutional investors and hedge funds.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.