Pearson, PLC (NYSE:PSO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $10.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.98% from the company’s current price.

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 analysts have also weighed in on the stock. Exane BNP Paribas lowered shares of Pearson, PLC from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 6th. Kepler Capital Markets lowered shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BNP Paribas lowered shares of Pearson, PLC from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating on shares of Pearson, PLC in a research report on Monday, March 27th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Analyst Recommendations for Pearson, PLC (NYSE:PSO)

Pearson, PLC (NYSE PSO) opened at 8.93 on Wednesday. The stock’s 50 day moving average price is $9.01 and its 200-day moving average price is $8.70. Pearson, PLC has a 1-year low of $7.04 and a 1-year high of $13.20. The company’s market cap is $7.27 billion.

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Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Pearson, PLC by 8.0% in the first quarter. Goldman Sachs Group Inc. now owns 265,042 shares of the company’s stock valued at $2,248,000 after buying an additional 19,690 shares during the last quarter. Lapides Asset Management LLC raised its stake in Pearson, PLC by 35.5% in the first quarter. Lapides Asset Management LLC now owns 19,100 shares of the company’s stock valued at $162,000 after buying an additional 5,000 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Pearson, PLC during the first quarter valued at approximately $1,060,000. Credit Suisse AG raised its stake in Pearson, PLC by 10.0% in the first quarter. Credit Suisse AG now owns 200,000 shares of the company’s stock valued at $1,696,000 after buying an additional 18,213 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Pearson, PLC during the first quarter valued at approximately $193,000. 2.04% of the stock is currently owned by hedge funds and other institutional investors.

Pearson, PLC 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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