Pearson (NYSE:PSO) Sets New 52-Week High – Time to Buy?

Pearson, PLC (NYSE:PSO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $17.12 and last traded at $17.3860, with a volume of 485355 shares. The stock had previously closed at $16.91.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PSO shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a report on Tuesday. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Pearson Price Performance

The firm’s fifty day moving average price is $15.48 and its two-hundred day moving average price is $14.08. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Pearson

A number of hedge funds have recently added to or reduced their stakes in PSO. Hantz Financial Services Inc. grew its stake in shares of Pearson by 215.5% during the 4th quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock valued at $769,000 after purchasing an additional 37,413 shares during the period. Barometer Capital Management Inc. increased its position in shares of Pearson by 545.3% during the 4th quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock valued at $907,000 after purchasing an additional 54,589 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Pearson in the 4th quarter worth approximately $1,034,000. QRG Capital Management Inc. grew its position in Pearson by 30.1% during the fourth quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after buying an additional 36,302 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new stake in Pearson during the first quarter valued at approximately $517,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.