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.
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.
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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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