Shares of Pearson, PLC (NYSE: PSO) have received an average recommendation of “Moderate Buy” from five brokerages currently covering the stock, according to data from MarketBeat.com. The consensus reflects a mix of ratings, with three analysts issuing a hold rating, one a buy rating, and another assigning a strong buy rating.
The average 12-month price target among these brokerages stands at $18.00, indicating a potential upside for investors. Recent reports from several equities analysts provide insights into the stock’s performance. On October 20, 2023, Morgan Stanley initiated coverage on Pearson shares, setting an “equal weight” rating, suggesting a balanced outlook for the company. In contrast, Wall Street Zen downgraded Pearson from a “buy” to a “hold” rating on September 20, 2023, reflecting a more cautious stance.
Price Performance and Financial Indicators
As of Tuesday, shares of Pearson opened at $13.93. The stock has shown a 50-day simple moving average of $13.73 and a 200-day simple moving average of $14.29. Financial metrics indicate a solid position, with a quick ratio of 2.24, a current ratio of 2.31, and a debt-to-equity ratio of 0.40. Over the past year, Pearson shares have fluctuated, recording a low of $12.85 and a high of $17.90.
Company Overview
Pearson plc is a prominent provider of educational courseware, assessments, and services across various regions, including the United Kingdom, the United States, Canada, and the Asia Pacific. The company operates through five main segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education. This diverse portfolio positions Pearson as a key player in the education sector, adapting to various learning needs and methodologies.
Investors and analysts alike are keeping a keen eye on further developments from Pearson, particularly in light of its mixed ratings and the overall performance of its shares. The company’s ability to navigate the changing landscape of education and technology will be critical in determining its future trajectory.
