Pearson, PLC (PSO) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Pearson, PLC (NYSE:PSO) from a hold rating to a buy rating in a research note released on Saturday, June 3rd. They currently have $10.00 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 research firms also recently commented on PSO. Kepler Capital Markets downgraded Pearson, PLC from a buy rating to a hold rating in a research report on Thursday, May 11th. Jefferies Group LLC restated an underperform rating on shares of Pearson, PLC in a research report on Monday, March 27th. Exane BNP Paribas lowered Pearson, PLC from a neutral rating to an underperform rating in a research note on Thursday, April 6th. Finally, BNP Paribas lowered Pearson, PLC from a neutral rating to an underperform rating in a research note on Wednesday, April 5th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Pearson, PLC has an average rating of Hold and an average target price of $10.00.

Pearson, PLC (NYSE PSO) traded up 1.12% during midday trading on Friday, hitting $9.00. 217,259 shares of the stock traded hands. The firm’s market cap is $7.33 billion. The company’s 50 day moving average price is $9.01 and its 200 day moving average price is $8.70. Pearson, PLC has a 12 month low of $7.04 and a 12 month high of $13.20.

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Hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Pearson, PLC by 1.3% in the first quarter. Comerica Bank now owns 47,153 shares of the company’s stock valued at $387,000 after buying an additional 614 shares during the period. World Asset Management Inc boosted its stake in Pearson, PLC by 1.5% in the first quarter. World Asset Management Inc now owns 51,205 shares of the company’s stock valued at $434,000 after buying an additional 744 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Pearson, PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock valued at $185,000 after buying an additional 925 shares in the last quarter. US Bancorp DE boosted its stake in Pearson, PLC by 20.7% in the first quarter. US Bancorp DE now owns 11,872 shares of the company’s stock valued at $101,000 after buying an additional 2,035 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Pearson, PLC by 23.8% in the first quarter. Geode Capital Management LLC now owns 20,437 shares of the company’s stock valued at $173,000 after buying an additional 3,935 shares in the last quarter. 2.04% of the stock is currently owned by institutional investors and hedge funds.

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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