Pearson, PLC (NYSE:PSO) Given Consensus Recommendation of “Moderate Buy” by Analysts
by Renee Jackson · The Cerbat GemShares of Pearson, PLC (NYSE:PSO – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.
A number of brokerages have issued reports on PSO. Citigroup began coverage on shares of Pearson in a research note on Monday, January 12th. They set a “buy” rating on the stock. Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Kepler Capital Markets raised shares of Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th.
Read Our Latest Report on Pearson
Pearson Stock Performance
PSO opened at $15.07 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. The firm’s 50-day moving average price is $13.58 and its 200-day moving average price is $13.47. Pearson has a 52-week low of $12.02 and a 52-week high of $16.67.
Pearson Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, March 20th will be issued a $0.2346 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 368.0%.
Institutional Investors Weigh In On Pearson
Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Pearson in the 1st quarter worth approximately $154,000. Bank of New York Mellon Corp boosted its holdings in shares of Pearson by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock valued at $740,000 after acquiring an additional 1,071 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Pearson by 46.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 39,533 shares of the company’s stock valued at $519,000 after acquiring an additional 12,526 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Pearson by 13.4% in the first quarter. QRG Capital Management Inc. now owns 177,786 shares of the company’s stock worth $2,334,000 after acquiring an additional 20,947 shares during the period. Finally, Keybank National Association OH purchased a new position in shares of Pearson during the first quarter worth $147,000. Institutional investors and hedge funds 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.