Wall Street Zen Upgrades Pearson (NYSE:PSO) to “Buy”

Pearson (NYSE:PSO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Citigroup assumed coverage on Pearson in a report on Monday, January 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Pearson Stock Down 3.2%

Shares of NYSE PSO opened at $12.74 on Friday. Pearson has a 12-month low of $12.02 and a 12-month high of $16.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. The firm has a 50 day moving average of $12.85 and a 200 day moving average of $13.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSO. CIBC Private Wealth Group LLC grew its position in shares of Pearson by 952.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Pearson in the fourth quarter worth about $35,000. Farther Finance Advisors LLC boosted its stake in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Pearson during the fourth quarter valued at approximately $42,000. Finally, AlphaCore Capital LLC purchased a new position in Pearson during the 2nd quarter valued at approximately $70,000. Institutional investors 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.