Shares of Parsons Co. (NYSE:PSN – Get Free Report) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $94.67.
Several analysts recently issued reports on PSN shares. KeyCorp raised their price target on Parsons from $90.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $108.00 price target (up previously from $100.00) on shares of Parsons in a report on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Parsons from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Benchmark boosted their target price on shares of Parsons from $68.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Parsons from $89.00 to $103.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st.
Read Our Latest Stock Report on PSN
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Parsons Stock Performance
Parsons stock opened at $106.09 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 1.80. Parsons has a 12 month low of $55.22 and a 12 month high of $107.00. The company has a fifty day moving average price of $95.34 and a two-hundred day moving average price of $84.62. The company has a market cap of $11.26 billion, a PE ratio of 589.42, a P/E/G ratio of 2.28 and a beta of 0.80.
Parsons (NYSE:PSN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.18. Parsons had a net margin of 0.89% and a return on equity of 12.09%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.53 billion. Research analysts expect that Parsons will post 2.88 earnings per share for the current year.
About Parsons
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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