Pearson, PLC (PSO) Upgraded to “Outperform” at BNP Paribas

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.

Analyst Recommendations for Pearson, PLC (NYSE:PSO)

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