Zacks Investment Research Lowers Pearson (PSO) to Sell

Zacks Investment Research downgraded shares of Pearson (NYSE:PSO) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

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. “

Other equities analysts have also issued research reports about the stock. UBS Group started coverage on shares of Pearson in a research report on Thursday, March 7th. They set a neutral rating and a $10.89 target price on the stock. JPMorgan Chase & Co. raised shares of Pearson from a neutral rating to an overweight rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Pearson presently has a consensus rating of Hold and a consensus target price of $10.89.

Shares of PSO stock opened at $10.18 on Thursday. Pearson has a 1 year low of $9.93 and a 1 year high of $13.19. The firm has a market cap of $7.95 billion, a P/E ratio of 10.83 and a beta of -0.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.06 and a current ratio of 2.16.

The business also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 5th were given a dividend of $0.1715 per share. The ex-dividend date was Thursday, April 4th. This represents a yield of 3.12%. This is a positive change from Pearson’s previous semiannual dividend of $0.07. Pearson’s payout ratio is 36.17%.

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new position in Pearson during the fourth quarter worth $51,000. SEI Investments Co bought a new stake in Pearson in the 1st quarter valued at $63,000. Citigroup Inc. increased its holdings in Pearson by 38.5% in the 4th quarter. Citigroup Inc. now owns 6,524 shares of the company’s stock valued at $78,000 after buying an additional 1,812 shares during the period. Acadian Asset Management LLC bought a new stake in Pearson in the 4th quarter valued at $82,000. Finally, Marshall Wace North America L.P. bought a new stake in Pearson in the 1st quarter valued at $93,000. 1.42% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

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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