Pearson PLC (PSO) Cut to Neutral at BNP Paribas
Pearson PLC (NYSE:PSO) was downgraded by equities research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday.
A number of other brokerages also recently weighed in on PSO. Zacks Investment Research downgraded Pearson PLC from a “hold” rating to a “sell” rating in a research report on Saturday, July 2nd. Morgan Stanley raised Pearson PLC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 12th. Societe Generale downgraded Pearson PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson PLC in a research report on Tuesday, June 21st. Finally, Shore Capital reaffirmed a “hold” rating on shares of Pearson PLC in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.
Pearson PLC (NYSE:PSO) traded down 0.49% during midday trading on Thursday, reaching $10.19. The company had a trading volume of 482,104 shares. The stock has a market cap of $8.30 billion, a P/E ratio of 9.16 and a beta of 0.32. The firm has a 50-day moving average of $11.14 and a 200-day moving average of $11.92. Pearson PLC has a 12 month low of $9.18 and a 12 month high of $18.78.
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The business also recently declared a dividend, which was paid on Wednesday, September 21st. Investors of record on Friday, August 19th were paid a $0.238 dividend. The ex-dividend date of this dividend was Wednesday, August 17th.
Large investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC boosted its stake in Pearson PLC by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock valued at $107,000 after buying an additional 724 shares during the last quarter. Cutler Group LP boosted its stake in Pearson PLC by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock valued at $125,000 after buying an additional 4,418 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new stake in Pearson PLC during the second quarter valued at $142,000. Bellecapital International Ltd. acquired a new stake in Pearson PLC during the second quarter valued at $146,000. Finally, Jefferies Group LLC acquired a new stake in Pearson PLC during the second quarter valued at $168,000. Institutional investors and hedge funds own 2.10% of the company’s stock.
Pearson PLC Company Profile
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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