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

Shares of Parsons Co. (NYSE:PSN - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $107.33.

Several brokerages recently weighed in on PSN. TD Cowen cut their price target 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. The Goldman Sachs Group upgraded shares of Parsons from a "neutral" rating to a "buy" rating and boosted their target price for the company from $103.00 to $111.00 in a research report on Thursday, December 12th. William Blair downgraded Parsons from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. KeyCorp decreased their price objective on Parsons from $122.00 to $102.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird raised their target price on Parsons from $103.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st.

Parsons Stock Performance

PSN traded down $0.71 on Wednesday, reaching $77.43. 1,145,263 shares of the stock were exchanged, compared to its average volume of 1,377,842. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55. The company's 50-day moving average price is $92.18 and its 200 day moving average price is $96.26. The firm has a market capitalization of $8.22 billion, a PE ratio of 117.32, a PEG ratio of 1.19 and a beta of 0.73. Parsons has a fifty-two week low of $64.90 and a fifty-two week high of $114.68.

Hedge Funds Weigh In On Parsons

Large investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of Parsons during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in Parsons in the 3rd quarter worth about $30,000. GAMMA Investing LLC increased its stake in Parsons by 224.7% during the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company's stock worth $29,000 after buying an additional 218 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Parsons during the third quarter valued at approximately $33,000. Finally, Principal Securities Inc. purchased a new position in shares of Parsons in the fourth quarter valued at approximately $33,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

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.