BNP Paribas upgraded shares of Pearson, PLC (NYSE:PSO) from an underperform rating to an outperform rating in a report released on Wednesday morning, Marketbeat reports.
Several other equities research analysts also recently issued reports on PSO. Zacks Investment Research downgraded Pearson, PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. BidaskClub downgraded Pearson, PLC from a buy rating to a hold rating in a research note on Thursday, July 13th. Macquarie raised Pearson, PLC from a neutral rating to an outperform rating in a research note on Friday, July 14th. Finally, Deutsche Bank AG downgraded Pearson, PLC from a hold rating to a sell rating in a research note on Tuesday, September 26th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $10.00.
Pearson, PLC (NYSE:PSO) opened at 8.14 on Wednesday. The firm’s market cap is $6.63 billion. Pearson, PLC has a 1-year low of $7.04 and a 1-year high of $10.37. The stock’s 50 day moving average is $7.92 and its 200-day moving average is $8.38.
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The company also recently declared a semiannual dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 18th were paid a dividend of $0.065 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, August 16th.
Several institutional investors and hedge funds have recently bought and sold shares of PSO. Russell Investments Group Ltd. purchased a new stake in shares of Pearson, PLC during the 1st quarter worth about $317,000. Wells Fargo & Company MN raised its stake in shares of Pearson, PLC by 4.5% during the 1st quarter. Wells Fargo & Company MN now owns 139,904 shares of the company’s stock worth $1,186,000 after purchasing an additional 6,083 shares in the last quarter. US Bancorp DE raised its stake in shares of Pearson, PLC by 20.7% during the 1st quarter. US Bancorp DE now owns 11,872 shares of the company’s stock worth $101,000 after purchasing an additional 2,035 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Pearson, PLC by 41.3% during the 1st quarter. Bank of New York Mellon Corp now owns 34,427 shares of the company’s stock worth $292,000 after purchasing an additional 10,060 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Pearson, PLC by 1.3% during the 1st quarter. Comerica Bank now owns 47,153 shares of the company’s stock worth $387,000 after purchasing an additional 614 shares in the last quarter. 1.64% of the stock is owned by institutional investors.
About Pearson, PLC
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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