Zacks Investment Research Lowers Pearson (PSO) to Hold

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.

Shares of Pearson (NYSE:PSO) traded down $0.02 during trading on Wednesday, reaching $9.70. The company’s stock had a trading volume of 118,392 shares, compared to its average volume of 348,443. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.49 and a current ratio of 1.62. Pearson has a 52-week low of $7.04 and a 52-week high of $10.13. The firm has a market cap of $7,880.00, a P/E ratio of -2.77, a P/E/G ratio of 2.47 and a beta of 0.34.

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.

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About Pearson

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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