Shares of Pearson, PLC (NYSE: PSO) have received an average recommendation of “Moderate Buy” from a group of seven analysts currently covering the stock, according to MarketBeat.com. The consensus includes four analysts rating the stock as a hold, two issuing a buy rating, and one giving it a strong buy rating. The average 12-month price target among these analysts stands at $18.00.
Several analysts have recently provided insights into the stock’s performance. On October 20, Morgan Stanley initiated coverage on Pearson, assigning an “equal weight” rating. Meanwhile, Weiss Ratings downgraded the company from a “buy (B-)” to a “hold (C+)” rating on January 12. In contrast, Kepler Capital Markets upgraded Pearson from a “reduce” to a “hold” rating on January 23. Additionally, Citigroup began coverage on January 12, setting a “buy” rating for the company.
Institutional Investment Trends
Recent changes in institutional investments further reflect the stock’s appeal. CIBC Private Wealth Group LLC significantly increased its stake by 952.1% in the third quarter, now holding 1,757 shares valued at approximately $25,000. Similarly, First Horizon Advisors Inc. expanded its position by an astonishing 3,131.8% in the second quarter, acquiring 2,133 shares worth around $32,000.
In the fourth quarter, Farther Finance Advisors LLC enhanced its holdings by 54.2%, bringing its total to 2,947 shares valued at $41,000. TD Private Client Wealth LLC also raised its position by 113.8% in the second quarter, increasing its ownership to 3,492 shares worth about $52,000. Additionally, Global Trust Asset Management LLC purchased a new stake in Pearson during the same period, estimated at around $64,000. Institutional investors now collectively own 2.14% of the company’s stock.
Pearson’s Global Presence
Based in London, England, Pearson plc is a leading global education company with significant operations across North America, Europe, Asia, and Latin America. Founded in 1844, Pearson has transformed into one of the foremost providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary is traded on the New York Stock Exchange under the symbol PSO.
Pearson’s core offerings encompass a diverse range of products and services aimed at learners, educators, and educational institutions worldwide. With such a robust international presence and recent positive analyst recommendations, the company is well-positioned for continued growth in the evolving education sector.