Pearson (NYSE:PSO) Lifted to “Buy” at UBS Group

UBS Group upgraded shares of Pearson (NYSE:PSO) from a neutral rating to a buy rating in a report released on Friday, The Fly reports.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Pearson from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research report on Tuesday, August 13th. Citigroup raised shares of Pearson from a neutral rating to a buy rating in a research report on Monday, July 29th.

Shares of Pearson stock opened at $10.76 on Friday. Pearson has a 1 year low of $9.67 and a 1 year high of $13.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.80 and a current ratio of 1.95. The company has a market capitalization of $8.29 billion, a P/E ratio of 11.45 and a beta of 0.10. The company’s fifty day moving average is $10.21 and its two-hundred day moving average is $10.54.

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 16th will be given a dividend of $0.073 per share. The ex-dividend date of this dividend is Thursday, August 15th. Pearson’s payout ratio is currently 15.96%.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Pearson by 113.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,942 shares of the company’s stock valued at $51,000 after acquiring an additional 2,628 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Pearson by 932.4% in the second quarter. JPMorgan Chase & Co. now owns 7,103 shares of the company’s stock valued at $72,000 after acquiring an additional 6,415 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Pearson in the first quarter valued at about $93,000. Susquehanna International Group LLP purchased a new stake in shares of Pearson in the second quarter valued at about $125,000. Finally, Eaton Vance Management purchased a new stake in shares of Pearson in the second quarter valued at about $146,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

About Pearson

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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