Wall Street Zen Upgrades Pearson (NYSE:PSO) to “Buy”

by · The Cerbat Gem

Wall Street Zen upgraded shares of Pearson (NYSE:PSO – Free Report) from a hold rating to a buy rating in a research report report published on Friday.

A number of other research firms have also recently issued reports on PSO. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $18.00.

View Our Latest Research Report on PSO

Pearson Stock Performance

PSO stock opened at $14.16 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.48 and a beta of 0.57. Pearson has a 1 year low of $13.27 and a 1 year high of $17.90. The stock’s fifty day moving average is $14.52 and its two-hundred day moving average is $15.38.

Pearson Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be paid a dividend of $0.0892 per share. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 15th. Pearson’s payout ratio is currently 19.15%.

Institutional Investors Weigh In On Pearson

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Callan Capital LLC raised its position in Pearson by 3.7% in the first quarter. Callan Capital LLC now owns 18,626 shares of the company’s stock worth $298,000 after acquiring an additional 661 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Pearson by 6.3% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 12,294 shares of the company’s stock worth $184,000 after acquiring an additional 724 shares in the last quarter. Evergreen Capital Management LLC raised its position in Pearson by 4.3% in the first quarter. Evergreen Capital Management LLC now owns 19,700 shares of the company’s stock worth $320,000 after acquiring an additional 816 shares in the last quarter. Choreo LLC raised its position in Pearson by 7.4% in the first quarter. Choreo LLC now owns 11,939 shares of the company’s stock worth $191,000 after acquiring an additional 823 shares in the last quarter. Finally, Signaturefd LLC raised its position in Pearson by 6.0% in the first quarter. Signaturefd LLC now owns 18,083 shares of the company’s stock worth $290,000 after acquiring an additional 1,027 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors.

About Pearson

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Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.

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