Analysts Set Parsons Corp (PSN) Price Target at $37.00

Parsons Corp (NYSE:PSN) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.17.

PSN has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Parsons in a research note on Monday. They issued a “buy” rating and a $38.00 price target for the company. SunTrust Banks initiated coverage on shares of Parsons in a research note on Monday. They issued a “buy” rating and a $37.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Parsons in a research note on Monday. They issued a “buy” rating and a $43.00 price target for the company. Morgan Stanley initiated coverage on shares of Parsons in a research note on Monday. They issued an “equal weight” rating and a $35.00 price target for the company. Finally, Bank of America initiated coverage on shares of Parsons in a research note on Monday. They issued a “neutral” rating for the company.

In other news, CFO George L. Ball acquired 25,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $735,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Parsons stock opened at $31.59 on Monday. Parsons has a twelve month low of $29.03 and a twelve month high of $33.67.

Parsons Company Profile

Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates in two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity software and engineering services, hardware prototyping, and other technical services to the U.S.

Further Reading: How do buyers and sellers choose a strike price?

Analyst Recommendations for Parsons (NYSE:PSN)

Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.com's FREE daily email newsletter.