Pearson (PSO) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research report released on Saturday. Zacks Investment Research currently has $11.00 price objective on the stock.

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 analysts have also weighed in on the stock. Deutsche Bank lowered shares of Pearson from a hold rating to a sell rating in a research note on Tuesday, September 26th. BNP Paribas upgraded shares of Pearson from an underperform rating to an outperform rating in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $11.00.

Shares of Pearson (NYSE PSO) opened at $9.90 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. Pearson has a 12 month low of $7.04 and a 12 month high of $10.01.

Several hedge funds have recently made changes to their positions in PSO. Cubist Systematic Strategies LLC bought a new stake in shares of Pearson in the second quarter worth approximately $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pearson in the second quarter worth approximately $237,000. FDx Advisors Inc. grew its stake in shares of Pearson by 81.8% in the third quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after acquiring an additional 14,025 shares during the period. Mackenzie Financial Corp grew its stake in shares of Pearson by 72.1% in the third quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock worth $380,000 after acquiring an additional 19,561 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Pearson in the third quarter worth approximately $880,000. Hedge funds and other institutional investors own 1.39% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by BBNS and is the property of of BBNS. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/pearson-pso-lifted-to-buy-at-zacks-investment-research/1839351.html.

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.

Get a free copy of the Zacks research report on Pearson (PSO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Pearson (NYSE:PSO)

Receive News & Ratings for Pearson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.