Shares of Pearson PLC (NYSE:PSO) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.89.
Several equities research analysts recently commented on PSO shares. JPMorgan Chase & Co. raised shares of Pearson from a “neutral” rating to an “overweight” rating in a report on Friday, March 22nd. UBS Group started coverage on shares of Pearson in a report on Thursday, March 7th. They issued a “neutral” rating and a $10.89 price target for the company. Finally, Zacks Investment Research lowered shares of Pearson from a “hold” rating to a “sell” rating in a report on Thursday.
Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new stake in Pearson during the 4th quarter worth $51,000. SEI Investments Co acquired a new stake in Pearson during the 1st quarter worth $63,000. Citigroup Inc. boosted its stake in Pearson by 38.5% during the 4th quarter. Citigroup Inc. now owns 6,524 shares of the company’s stock worth $78,000 after purchasing an additional 1,812 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Pearson during the 4th quarter worth $82,000. Finally, Marshall Wace North America L.P. acquired a new stake in Pearson during the 1st quarter worth $93,000. 1.42% of the stock is currently owned by institutional investors.
Shares of NYSE PSO opened at $10.15 on Tuesday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 10.80 and a beta of -0.03. The company has a quick ratio of 2.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.15. Pearson has a one year low of $9.93 and a one year high of $13.19.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 5th were paid a dividend of $0.1715 per share. This represents a yield of 3.12%. The ex-dividend date was Thursday, April 4th. This is a boost from Pearson’s previous semiannual dividend of $0.07. Pearson’s payout ratio is 36.17%.
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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