Pearson, PLC (NYSE:PSO) Receives Average Rating of “Moderate Buy” from Analysts

Pearson, PLC (NYSE:PSO) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several equities analysts recently issued reports on the stock. Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded shares of Pearson from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th.

Pearson Price Performance

PSO opened at $14.70 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $13.77 and a 200 day moving average price of $13.46. Pearson has a 1 year low of $12.02 and a 1 year high of $16.67.

Pearson Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be given a dividend of $0.2346 per share. The ex-dividend date is Friday, March 20th. This represents a yield of 368.0%.

Hedge Funds Weigh In On Pearson

A number of large investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP acquired a new position in Pearson during the first quarter worth $412,000. Keebeck Wealth Management acquired a new position in Pearson during the first quarter worth $185,000. Arrowstreet Capital Limited Partnership raised its position in Pearson by 72.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock worth $21,605,000 after acquiring an additional 691,339 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Pearson during the first quarter worth $154,000. Finally, Bank of New York Mellon Corp raised its position in Pearson by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock worth $740,000 after acquiring an additional 1,071 shares during the period. 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.