Parsons Co. (NYSE:PSN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Parsons Co. (NYSE:PSN) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $105.13.

PSN has been the subject of several research analyst reports. Robert W. Baird increased their target price on shares of Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Truist Financial cut their target price on Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Raymond James lowered Parsons from a “strong-buy” rating to an “outperform” rating and set a $115.00 price target for the company. in a research report on Wednesday, October 23rd. KeyCorp boosted their price objective on Parsons from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Benchmark raised their target price on Parsons from $68.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

Institutional Investors Weigh In On Parsons

Large investors have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Parsons in the third quarter valued at $30,000. V Square Quantitative Management LLC purchased a new position in shares of Parsons in the 3rd quarter valued at about $33,000. Capital Performance Advisors LLP purchased a new stake in Parsons during the third quarter worth approximately $45,000. Tanglewood Legacy Advisors LLC acquired a new position in Parsons in the second quarter valued at approximately $44,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Parsons in the third quarter valued at approximately $72,000. 98.02% of the stock is owned by hedge funds and other institutional investors.

Parsons Stock Down 0.4 %

PSN stock opened at $96.37 on Friday. Parsons has a one year low of $61.10 and a one year high of $114.68. The firm has a market cap of $10.23 billion, a PE ratio of 146.01, a PEG ratio of 1.77 and a beta of 0.80. The firm’s 50 day moving average price is $104.81 and its 200-day moving average price is $91.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55.

Parsons (NYSE:PSN) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.63 billion. Parsons had a return on equity of 12.74% and a net margin of 1.21%. On average, equities research analysts anticipate that Parsons will post 3.02 EPS for the current year.

Parsons Company Profile

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.