Zacks Investment Research Downgrades Pearson (NYSE:PSO) to Hold

Pearson (NYSE:PSO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, December 20th.

According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “

Several other research firms have also recently commented on PSO. BNP Paribas raised shares of Pearson from an “underperform” rating to an “outperform” rating in a research report on Wednesday, September 27th. Deutsche Bank cut shares of Pearson from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Pearson presently has a consensus rating of “Hold” and an average target price of $10.00.

Shares of Pearson (NYSE:PSO) opened at $9.90 on Wednesday. The company has a market capitalization of $7,880.00, a PE ratio of -2.80, a PEG ratio of 2.42 and a beta of 0.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.62 and a quick ratio of 1.49. Pearson has a 12 month low of $7.04 and a 12 month high of $10.01.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of Pearson by 72.1% during the 3rd quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock valued at $380,000 after purchasing an additional 19,561 shares in the last quarter. JPMorgan Chase & Co. grew its position in Pearson by 370.5% in the third quarter. JPMorgan Chase & Co. now owns 320,980 shares of the company’s stock worth $2,593,000 after acquiring an additional 252,766 shares in the last quarter. SG Americas Securities LLC grew its position in Pearson by 59.7% in the third quarter. SG Americas Securities LLC now owns 149,701 shares of the company’s stock worth $1,219,000 after acquiring an additional 55,988 shares in the last quarter. Advisors Asset Management Inc. grew its position in Pearson by 15.2% in the third quarter. Advisors Asset Management Inc. now owns 242,267 shares of the company’s stock worth $1,972,000 after acquiring an additional 31,899 shares in the last quarter. Finally, FDx Advisors Inc. grew its position in Pearson by 81.8% in the third quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after acquiring an additional 14,025 shares in the last quarter. Hedge funds and other institutional investors own 1.38% of the company’s stock.

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About Pearson

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

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