Pearson (NYSE:PSO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
A number of other research firms also recently commented on PSO. BNP Paribas upgraded shares of Pearson from an “underperform” rating to an “outperform” rating in a research report on Wednesday, September 27th. Deutsche Bank downgraded shares of Pearson from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Pearson has a consensus rating of “Hold” and a consensus price target of $11.00.
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Pearson during the 2nd quarter worth about $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pearson during the 2nd quarter worth about $237,000. FDx Advisors Inc. raised its holdings in shares of Pearson by 81.8% in the 3rd quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after purchasing an additional 14,025 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Pearson by 72.1% in the 3rd quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock worth $380,000 after purchasing an additional 19,561 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Pearson in the 3rd quarter worth approximately $880,000. Institutional investors own 1.39% of the company’s stock.
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Pearson Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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