Analysts Set Pearson plc (NYSE:PSO) Price Target at $1,088.00

Posted by Defense World Staff on May 30th, 2023

Shares of Pearson plc (NYSE:PSO – Get Rating) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1,088.00.

PSO has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of Pearson from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 12th. JPMorgan Chase & Co. lifted their price objective on shares of Pearson from GBX 1,200 ($14.83) to GBX 1,230 ($15.20) in a research report on Thursday, March 9th. Barclays raised their target price on shares of Pearson from GBX 915 ($11.31) to GBX 950 ($11.74) in a research note on Tuesday, May 2nd. BNP Paribas raised shares of Pearson from a “neutral” rating to an “outperform” rating in a report on Friday, March 31st. Finally, Credit Suisse Group lowered their target price on Pearson from GBX 1,000 ($12.36) to GBX 980 ($12.11) in a research note on Wednesday, March 22nd.

Pearson Stock Up 0.1 %

Shares of NYSE PSO opened at $9.83 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.83. Pearson has a 52 week low of $8.84 and a 52 week high of $12.03. The stock has a 50 day moving average price of $10.29 and a 200 day moving average price of $10.84.

Pearson Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, May 10th. Investors of record on Friday, March 24th were paid a $0.182 dividend. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a yield of 2.5%.

Institutional Investors Weigh In On Pearson

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Pearson during the 2nd quarter worth $9,553,000. Envestnet Asset Management Inc. raised its stake in Pearson by 379.2% during the first quarter. Envestnet Asset Management Inc. now owns 707,111 shares of the company’s stock worth $703,000 after acquiring an additional 559,559 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pearson by 5,388.6% in the fourth quarter. JPMorgan Chase & Co. now owns 481,408 shares of the company’s stock worth $5,425,000 after acquiring an additional 472,637 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Pearson by 380.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 510,982 shares of the company’s stock valued at $5,340,000 after purchasing an additional 404,607 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Pearson by 31.5% during the 1st quarter. BlackRock Inc. now owns 1,659,201 shares of the company’s stock valued at $16,542,000 after purchasing an additional 397,676 shares during the last quarter. Institutional investors and hedge funds own 2.83% of the company’s stock.

Pearson Company Profile

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Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management.