Pearson (NYSE:PSO) Sets New 1-Year High – What’s Next?

Pearson, PLC (NYSE:PSO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.72 and last traded at $17.7070, with a volume of 70332 shares changing hands. The stock had previously closed at $17.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PSO shares. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Wall Street Zen cut 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Pearson Stock Performance

The stock’s fifty day moving average price is $15.82 and its 200-day moving average price is $14.26. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Pearson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted 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 buying an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Pearson during the fourth quarter worth about $35,000. Farther Finance Advisors LLC raised its holdings in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Pearson in the fourth quarter valued at approximately $42,000. Finally, Royal Bank of Canada increased its position in shares of Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after purchasing an additional 2,604 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

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.