Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Parsons Corporation (PSN) today and set a price target of $35. The company’s shares closed yesterday at $31.32.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.4% and a 70.5% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.
Parsons Corporation has an analyst consensus of Strong Buy, with a price target consensus of $38.25, which is a 22.1% upside from current levels. In a report issued on June 3, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $43 price target.
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Based on Parsons Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $7.45 million. In comparison, last year the company had a net profit of $25.29 million.
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Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. The company delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers.
