Pearson (NYSE:PSO) Stock Rating Upgraded by Kepler Capital Markets

Pearson (NYSE:PSO) was upgraded by analysts at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat reports.

Other analysts also recently issued reports about the stock. Citigroup initiated coverage on shares of Pearson in a report on Monday, January 12th. They set a “buy” rating on the stock. Weiss Ratings downgraded shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Morgan Stanley started coverage on shares of Pearson in a research note on Monday, October 20th. They set an “equal weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Pearson presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Pearson Stock Performance

Pearson stock opened at $13.16 on Friday. Pearson has a 12 month low of $12.42 and a 12 month high of $17.90. The stock’s 50 day simple moving average is $13.54 and its two-hundred day simple moving average is $14.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31.

Hedge Funds Weigh In On Pearson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSO. CIBC Private Wealth Group LLC increased its stake in shares of Pearson by 952.1% during the third 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. First Horizon Advisors Inc. boosted its holdings in Pearson by 3,131.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $32,000 after buying an additional 2,067 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after buying an additional 1,036 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Pearson by 113.8% during the second quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company’s stock valued at $52,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of Pearson in the second quarter valued at approximately $64,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Company Profile

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.