Wall Street Zen Downgrades Pearson (NYSE:PSO) to Hold

Key Points

• Wall Street Zen downgraded Pearson from “Buy” to “Hold,” following Goldman Sachs’ cut to “Neutral.” MarketBeat data shows two Buy ratings and five Hold ratings, with an overall consensus of “Hold.”
• Pearson shares were down 0.6%, opening at $16.46, compared with a 12-month range of $12.02 to $17.75. The stock’s 50-day and 200-day moving averages were $16.10 and $14.44, respectively.
• Institutional investors recently increased or initiated positions in Pearson, but institutional ownership remains relatively low at 2.14%.

Pearson (NYSE:PSO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

PSO has been the subject of several other research reports. The Goldman Sachs Group cut shares of Pearson from a "buy" rating to a "neutral" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued 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. Finally, Weiss Ratings raised 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

Pearson Stock Down 0.6%

Pearson stock opened at $16.46 on Friday. The stock has a 50-day simple moving average of $16.10 and a 200 day simple moving average of $14.44. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Pearson has a 12-month low of $12.02 and a 12-month high of $17.75.

Institutional Investors Weigh In On Pearson

Institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its holdings in Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company's stock valued at $25,000 after buying an additional 1,590 shares during the period. Kestra Advisory Services LLC acquired a new stake in Pearson during the 4th quarter worth $35,000. Farther Finance Advisors LLC raised its position in shares of Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company's stock valued at $41,000 after acquiring an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pearson in the 4th quarter valued at $42,000. Finally, Royal Bank of Canada boosted its position in shares of Pearson by 86.5% in 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. Institutional investors and hedge funds own 2.14% of the company's stock.

About Pearson

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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