BidaskClub upgraded shares of Pearson, PLC (NYSE:PSO) from a hold rating to a buy rating in a report published on Tuesday, August 1st.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Pearson, PLC from a hold rating to a buy rating and set a $10.00 target price on the stock in a report on Wednesday, May 10th. Kepler Capital Markets lowered Pearson, PLC from a buy rating to a hold rating in a report on Thursday, May 11th. Macquarie upgraded Pearson, PLC from a neutral rating to an outperform rating in a report on Friday, July 14th. Finally, Exane BNP Paribas lowered Pearson, PLC from a neutral rating to an underperform rating in a report on Thursday, April 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Pearson, PLC currently has a consensus rating of Hold and an average price target of $10.00.
Pearson, PLC (NYSE:PSO) traded down 0.50% on Tuesday, hitting $7.95. The company’s stock had a trading volume of 627,433 shares. The firm has a 50 day moving average of $8.50 and a 200-day moving average of $8.42. Pearson, PLC has a 12 month low of $7.04 and a 12 month high of $11.69. The stock’s market cap is $6.48 billion.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 18th will be given a $0.065 dividend. This represents a yield of 1.6%. The ex-dividend date is Wednesday, August 16th.
Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in Pearson, PLC by 12.7% in the fourth quarter. Comerica Bank now owns 46,539 shares of the company’s stock worth $462,000 after buying an additional 5,244 shares in the last quarter. Guggenheim Capital LLC increased its stake in Pearson, PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock worth $185,000 after buying an additional 925 shares in the last quarter. Bank of Montreal Can increased its stake in Pearson, PLC by 68.7% in the first quarter. Bank of Montreal Can now owns 80,289 shares of the company’s stock worth $681,000 after buying an additional 32,690 shares in the last quarter. Capstone Asset Management Co. increased its stake in Pearson, PLC by 5.1% in the first quarter. Capstone Asset Management Co. now owns 93,218 shares of the company’s stock worth $790,000 after buying an additional 4,500 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Pearson, PLC during the first quarter worth about $143,000. 2.03% of the stock is owned by institutional investors and hedge funds.
About Pearson, PLC
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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