Cowen & Co. Remains a Buy on Parsons (PSN)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Parsons (PSN) today and set a price target of $40.00. The company’s shares closed last Monday at $37.73, close to its 52-week high of $38.82.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 13.8% and a 70.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands, Spirit AeroSystems, and General Dynamics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parsons with a $38.67 average price target.
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The company has a one-year high of $38.82 and a one-year low of $27.00. Currently, Parsons has an average volume of 302.8K.
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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.