Parsons Co. (NYSE:PSN) Receives $107.33 Consensus Target Price from Analysts

Parsons Co. (NYSE:PSN) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $107.33.

PSN has been the topic of several analyst reports. Robert W. Baird raised their target price on shares of Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. TD Cowen cut their price objective on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Raymond James cut shares of Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. William Blair cut shares of Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Finally, KeyCorp cut their price objective on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th.

Hedge Funds Weigh In On Parsons

A number of hedge funds have recently modified their holdings of PSN. ORG Wealth Partners LLC purchased a new position in shares of Parsons during the fourth quarter worth approximately $26,000. GAMMA Investing LLC grew its position in Parsons by 224.7% in the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after buying an additional 218 shares during the last quarter. True Wealth Design LLC purchased a new position in Parsons in the 3rd quarter valued at $30,000. V Square Quantitative Management LLC purchased a new position in Parsons in the 3rd quarter valued at $33,000. Finally, Principal Securities Inc. purchased a new position in Parsons in the 4th quarter valued at $33,000. 98.02% of the stock is currently owned by hedge funds and other institutional investors.

Parsons Stock Down 0.8 %

Shares of NYSE:PSN opened at $76.91 on Wednesday. The firm’s 50 day moving average price is $91.44 and its 200 day moving average price is $96.00. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 116.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.73. Parsons has a fifty-two week low of $65.45 and a fifty-two week high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47.

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.