Zacks Investment Research upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. They currently have $11.00 target price 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 brokerages have also weighed in on PSO. BNP Paribas raised shares of Pearson from an underperform rating to an outperform rating in a research note on Wednesday, September 27th. Deutsche Bank lowered shares of Pearson from a hold rating to a sell rating in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Pearson currently has a consensus rating of Hold and a consensus price target of $11.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Pearson during the 2nd quarter valued at about $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pearson during the 2nd quarter valued at about $237,000. FDx Advisors Inc. boosted its stake in shares of Pearson by 81.8% during the 3rd quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock valued at $254,000 after purchasing an additional 14,025 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Pearson by 72.1% during 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 in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Pearson during the third quarter worth about $880,000. 1.39% of the stock is currently owned by hedge funds and other institutional investors.
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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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