Pearson PLC (PSO) Cut to “Neutral” at BNP Paribas
Pearson PLC (NYSE:PSO) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a report released on Thursday.
Other research analysts also recently issued research reports about the company. Jefferies Group reissued a “buy” rating on shares of Pearson PLC in a report on Wednesday, May 25th. Beaufort Securities restated a “buy” rating on shares of Pearson PLC in a research report on Monday, August 1st. Zacks Investment Research upgraded Pearson PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Societe Generale cut Pearson PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Shore Capital restated a “hold” rating on shares of Pearson PLC in a research report on Sunday, July 31st. Three 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 currently has a consensus rating of “Hold”.
Pearson PLC (NYSE:PSO) opened at 10.24 on Thursday. Pearson PLC has a 12-month low of $9.18 and a 12-month high of $18.78. The firm’s 50-day moving average price is $11.14 and its 200-day moving average price is $11.92. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 9.20 and a beta of 0.32.
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The firm also recently announced a dividend, which was paid on Wednesday, September 21st. Investors of record on Friday, August 19th were given a dividend of $0.238 per share. The ex-dividend date was Wednesday, August 17th.
Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Pearson PLC by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,712,053 shares of the company’s stock valued at $35,230,000 after buying an additional 329,907 shares in the last quarter. Jane Street Group LLC boosted its stake in Pearson PLC by 13.2% in the second quarter. Jane Street Group LLC now owns 1,897,017 shares of the company’s stock valued at $24,642,000 after buying an additional 220,969 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Pearson PLC by 8.1% in the first quarter. Renaissance Technologies LLC now owns 1,800,300 shares of the company’s stock valued at $22,576,000 after buying an additional 134,900 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Pearson PLC by 1.2% in the second quarter. State Treasurer State of Michigan now owns 1,025,100 shares of the company’s stock valued at $13,316,000 after buying an additional 11,800 shares in the last quarter. Finally, UBS Group AG boosted its stake in Pearson PLC by 22.0% in the first quarter. UBS Group AG now owns 619,775 shares of the company’s stock valued at $7,772,000 after buying an additional 111,740 shares in the last quarter. Hedge funds and other institutional investors own 2.10% of the company’s stock.
About Pearson PLC
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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