JPMorgan Chase & Co. Lowers Pearson (NYSE:PSO) Price Target to GBX 900

JPMorgan Chase & Co. Lowers Pearson (NYSE:PSO) Price Target to GBX 900

Pearson (NYSE:PSO – Get Rating) had its price target dropped by equities researchers at JPMorgan Chase & Co. from GBX 930 ($12.48) to GBX 900 ($12.08) in a research note issued on Wednesday, The Fly reports.

PSO has been the topic of several other research reports. Credit Suisse Group raised their price objective on Pearson from GBX 703 ($9.43) to GBX 740 ($9.93) in a report on Monday. UBS Group lowered Pearson from a “neutral” rating to a “sell” rating in a research report on Monday, January 24th. Societe Generale lifted their target price on Pearson from GBX 680 ($9.12) to GBX 700 ($9.39) in a research report on Tuesday. Barclays boosted their price objective on Pearson from GBX 610 ($8.18) to GBX 630 ($8.45) in a report on Monday. Finally, Morgan Stanley decreased their target price on Pearson from GBX 720 ($9.66) to GBX 670 ($8.99) in a research note on Monday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Pearson presently has a consensus rating of “Hold” and an average price target of $608.33.

NYSE PSO traded down $0.14 during mid-day trading on Wednesday, hitting $8.79. The stock had a trading volume of 1,271,811 shares, compared to its average volume of 561,371. Pearson has a 52-week low of $7.68 and a 52-week high of $12.39. The company has a 50 day simple moving average of $8.54 and a 200 day simple moving average of $8.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.12 and a current ratio of 2.21.

Several institutional investors and hedge funds have recently made changes to their positions in PSO. Quadrant Capital Group LLC raised its position in Pearson by 91.1% in the fourth quarter. Quadrant Capital Group LLC now owns 5,402 shares of the company’s stock worth $45,000 after purchasing an additional 2,575 shares in the last quarter. Signaturefd LLC grew its stake in shares of Pearson by 77.2% during the fourth quarter. Signaturefd LLC now owns 6,112 shares of the company’s stock valued at $51,000 after purchasing an additional 2,663 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Pearson during the fourth quarter valued at approximately $53,000. Citigroup Inc. grew its stake in shares of Pearson by 94.7% during the fourth quarter. Citigroup Inc. now owns 7,161 shares of the company’s stock valued at $60,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Pearson during the fourth quarter valued at approximately $69,000. 9.47% of the stock is owned by institutional investors and hedge funds.

Pearson Company Profile 

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.

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