Shares of Parsons Co. (NYSE:PSN – Get Free Report) have received a consensus rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $85.50.
PSN has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Parsons from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Truist Financial raised their price objective on Parsons from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Robert W. Baird upped their target price on Parsons from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Parsons in a report on Thursday, April 4th. Finally, KeyCorp boosted their price objective on shares of Parsons from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th.
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Parsons Price Performance
Shares of PSN opened at $80.20 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $11.77 billion, a PE ratio of 445.56, a PEG ratio of 2.40 and a beta of 0.84. The firm’s 50 day moving average price is $77.73 and its 200 day moving average price is $74.64. Parsons has a twelve month low of $46.85 and a twelve month high of $85.44.
Parsons (NYSE:PSN – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Parsons had a net margin of 0.49% and a return on equity of 11.27%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts expect that Parsons will post 2.64 EPS for the current fiscal 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.
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