Pearson (NYSE:PSO) Stock Rating Lowered by Wall Street Zen

Pearson (NYSE:PSO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. The Goldman Sachs Group downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pearson has an average rating of “Hold”.

Pearson Price Performance

Pearson stock opened at $16.44 on Friday. Pearson has a one year low of $12.02 and a one year high of $17.75. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $16.13 and a 200-day moving average price of $14.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PSO. CIBC Private Wealth Group LLC increased its position in shares of Pearson by 952.1% in 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 during the last quarter. Kestra Advisory Services LLC purchased a new position in Pearson in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC grew its stake in Pearson by 54.2% in 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. Caitong International Asset Management Co. Ltd bought a new position in shares of Pearson in the 4th quarter worth $42,000. Finally, Royal Bank of Canada increased its holdings in shares of Pearson by 86.5% in the 1st 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.