Pearson (NYSE:PSO) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Pearson (NYSE:PSO) in a report published on Tuesday, MarketBeat reports.

PSO has been the topic of a number of other research reports. Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Pearson Stock Down 5.9%

Shares of Pearson stock opened at $16.57 on Tuesday. Pearson has a 1 year low of $12.02 and a 1 year high of $17.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The stock has a 50-day moving average price of $15.48 and a 200 day moving average price of $14.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its stake in shares of Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Pearson during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC grew its stake in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pearson in the 4th quarter valued at approximately $42,000. Finally, Royal Bank of Canada increased its holdings in Pearson by 86.5% in the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after buying an additional 2,604 shares during the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.