Pearson (NYSE:PSO) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Pearson (NYSE:PSOGet Rating) from a hold rating to a buy rating in a report released on Tuesday morning, The Fly reports.

PSO has been the topic of several other reports. Societe Generale upgraded Pearson from a hold rating to a buy rating in a research note on Monday, March 14th. Barclays initiated coverage on Pearson in a research report on Thursday, March 31st. They set an equal weight rating on the stock. StockNews.com lowered Pearson from a buy rating to a hold rating in a research report on Tuesday, May 17th. The Goldman Sachs Group initiated coverage on Pearson in a research report on Sunday, April 10th. They set a buy rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Pearson from GBX 930 ($11.39) to GBX 900 ($11.02) in a research report on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $728.00.

PSO stock opened at $9.46 on Tuesday. Pearson has a 1-year low of $7.68 and a 1-year high of $12.36. The business’s 50 day moving average is $9.59 and its 200-day moving average is $9.17. The company has a current ratio of 2.04, a quick ratio of 1.98 and a debt-to-equity ratio of 0.29.

A number of institutional investors and hedge funds have recently made changes to their positions in PSO. Lazard Asset Management LLC bought a new position in Pearson in the 4th quarter valued at $31,485,000. Bank of America Corp DE boosted its position in Pearson by 795.3% in the 4th quarter. Bank of America Corp DE now owns 1,017,385 shares of the company’s stock valued at $8,545,000 after buying an additional 903,743 shares during the last quarter. BlackRock Inc. boosted its position in Pearson by 31.5% in the 1st quarter. BlackRock Inc. now owns 1,659,201 shares of the company’s stock valued at $16,542,000 after buying an additional 397,676 shares during the last quarter. 13D Management LLC boosted its position in Pearson by 39.0% in the 4th quarter. 13D Management LLC now owns 827,474 shares of the company’s stock valued at $6,951,000 after buying an additional 232,318 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Pearson by 17.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,506,718 shares of the company’s stock valued at $15,022,000 after purchasing an additional 228,566 shares during the period. Hedge funds and other institutional investors own 10.35% of the company’s stock.

About Pearson (Get Rating)

Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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