Shares of Pearson PLC (NYSE:PSO) have received an average rating of “Hold” from the sixteen brokerages that are currently covering the company. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company.
Several equities analysts have issued reports on PSO shares. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Pearson PLC in a report on Tuesday, September 27th. Morgan Stanley raised Pearson PLC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 12th. Shore Capital reaffirmed a “hold” rating on shares of Pearson PLC in a report on Sunday, July 31st. Zacks Investment Research raised Pearson PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. Finally, Societe Generale lowered Pearson PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 7th.
Pearson PLC (NYSE:PSO) opened at 10.03 on Wednesday. The company has a 50-day moving average price of $10.58 and a 200-day moving average price of $11.70. Pearson PLC has a 12-month low of $9.18 and a 12-month high of $18.65. The firm has a market cap of $8.17 billion, a PE ratio of 9.20 and a beta of 0.34.
The company also recently disclosed a dividend, which was paid on Wednesday, September 21st. Investors of record on Friday, August 19th were given a $0.238 dividend. The ex-dividend date of this dividend was Wednesday, August 17th.
Large investors have recently made changes to their positions in the stock. Princeton Alpha Management LP purchased a new stake in shares of Pearson PLC during the second quarter worth approximately $239,000. BB&T Securities LLC increased its stake in shares of Pearson PLC by 4.3% in the second quarter. BB&T Securities LLC now owns 25,592 shares of the company’s stock worth $332,000 after buying an additional 1,044 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Pearson PLC by 1.2% in the second quarter. State Treasurer State of Michigan now owns 1,025,100 shares of the company’s stock worth $13,316,000 after buying an additional 11,800 shares during the last quarter. World Asset Management Inc increased its stake in shares of Pearson PLC by 8.3% in the second quarter. World Asset Management Inc now owns 50,852 shares of the company’s stock worth $661,000 after buying an additional 3,902 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Pearson PLC during the second quarter worth approximately $712,000. Hedge funds and other institutional investors own 2.10% of the company’s stock.
Pearson PLC Company Profile
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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