Pearson (NYSE:PSO) Given New GBX 780 Price Target at UBS Group

Pearson (NYSE:PSOGet Rating) had its price objective lifted by UBS Group from GBX 620 ($7.60) to GBX 780 ($9.56) in a research report sent to investors on Tuesday, The Fly reports.

Several other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Pearson from a hold rating to a buy rating in a research report on Tuesday, June 21st. The Goldman Sachs Group assumed coverage on shares of Pearson in a report on Sunday, April 10th. They set a buy rating for the company. Morgan Stanley lifted their price target on shares of Pearson from GBX 760 ($9.31) to GBX 800 ($9.80) in a report on Wednesday, July 20th. Barclays lifted their price target on shares of Pearson from GBX 770 ($9.44) to GBX 775 ($9.50) in a report on Wednesday, July 13th. Finally, StockNews.com downgraded shares of Pearson from a buy rating to a hold rating in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pearson presently has a consensus rating of Hold and a consensus price target of $832.50.

Pearson Price Performance

Shares of Pearson stock opened at $10.73 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.46. Pearson has a twelve month low of $7.68 and a twelve month high of $11.21.

Pearson Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, August 12th will be paid a $0.8062 dividend. The ex-dividend date is Thursday, August 11th. This is an increase from Pearson’s previous semi-annual dividend of $0.19. This represents a dividend yield of 2.4%.

Institutional Investors Weigh In On Pearson

Institutional investors and hedge funds have recently modified their holdings of the business. Ellevest Inc. raised its stake in shares of Pearson by 78.9% during the second quarter. Ellevest Inc. now owns 2,859 shares of the company’s stock worth $26,000 after buying an additional 1,261 shares during the last quarter. Addison Advisors LLC bought a new stake in shares of Pearson during the first quarter worth approximately $32,000. Lindbrook Capital LLC raised its stake in shares of Pearson by 72.0% during the first quarter. Lindbrook Capital LLC now owns 4,098 shares of the company’s stock worth $41,000 after buying an additional 1,715 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Pearson by 91.1% during the fourth quarter. Quadrant Capital Group LLC now owns 5,402 shares of the company’s stock worth $45,000 after buying an additional 2,575 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Pearson during the first quarter worth approximately $45,000. 10.35% of the stock is owned by institutional investors.

About Pearson

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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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