Pearson (NYSE:PSO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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. “
Other analysts also recently issued reports about the company. BNP Paribas upgraded Pearson from an “underperform” rating to an “outperform” rating in a report 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 assigned a hold rating and three have assigned a buy rating to the company. Pearson currently has a consensus rating of “Hold” and a consensus price target of $10.00.
A number of institutional investors have recently bought and sold shares of PSO. Advisors Asset Management Inc. lifted its holdings in shares of Pearson by 16.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 210,368 shares of the company’s stock worth $1,887,000 after acquiring an additional 29,470 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Pearson by 8.8% during the second quarter. Wells Fargo & Company MN now owns 152,174 shares of the company’s stock worth $1,365,000 after purchasing an additional 12,270 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of 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 purchasing an additional 19,561 shares during the period. FDx Advisors Inc. lifted its holdings in shares of Pearson by 81.8% during the third quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after purchasing an additional 14,025 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Pearson by 58.3% during the second quarter. Parametric Portfolio Associates LLC now owns 340,847 shares of the company’s stock worth $3,057,000 after purchasing an additional 125,554 shares during the period. 1.38% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Lowers Pearson (PSO) to Hold” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/23/zacks-investment-research-lowers-pearson-pso-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pearson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson and related companies with MarketBeat.com's FREE daily email newsletter.