Shares of Parsons Co. (NYSE:PSN – Get Rating) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $49.50.
Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Parsons from $40.00 to $39.00 and set an “underweight” rating on the stock in a research report on Thursday, February 16th. William Blair raised Parsons from a “market perform” rating to an “outperform” rating in a report on Monday, March 27th. Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Parsons in a report on Monday, April 10th. Finally, Robert W. Baird increased their price objective on Parsons from $50.00 to $53.00 in a report on Thursday, May 4th.
Parsons Trading Down 2.1 %
PSN opened at $44.51 on Monday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.13 and a beta of 0.83. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. Parsons has a 12 month low of $35.52 and a 12 month high of $50.15. The stock has a fifty day moving average price of $44.30 and a 200-day moving average price of $45.36.
Hedge Funds Weigh In On Parsons
Parsons Company Profile
Parsons Corp. engages in the provision of engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. It delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers.
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