Truist Financial reaffirmed their buy rating on shares of Parsons (NYSE:PSN – Free Report) in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a $108.00 price objective on the stock, up from their prior price objective of $100.00.
Several other equities research analysts have also commented on PSN. KeyCorp lifted their price target on shares of Parsons from $89.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Robert W. Baird boosted their price objective on shares of Parsons from $89.00 to $103.00 and gave the stock an outperform rating in a research report on Thursday. Raymond James upgraded shares of Parsons from an outperform rating to a strong-buy rating and boosted their price objective for the stock from $82.00 to $95.00 in a research report on Wednesday, May 1st. TD Cowen upgraded shares of Parsons from a hold rating to a buy rating and upped their target price for the company from $77.00 to $90.00 in a report on Friday, May 3rd. Finally, Stifel Nicolaus upped their target price on shares of Parsons from $95.00 to $97.00 and gave the company a buy rating in a report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $91.70.
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Parsons Price Performance
Institutional Trading of Parsons
A number of institutional investors and hedge funds have recently modified their holdings of the company. Tanglewood Legacy Advisors LLC acquired a new position in Parsons in the second quarter worth $44,000. TFO Wealth Partners LLC boosted its position in Parsons by 18,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 732 shares of the company’s stock valued at $46,000 after purchasing an additional 728 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Parsons in the first quarter valued at approximately $62,000. Blue Trust Inc. lifted its position in shares of Parsons by 23.6% in the second quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $86,000 after buying an additional 199 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel lifted its position in shares of Parsons by 700.0% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,112 shares of the company’s stock valued at $70,000 after buying an additional 973 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors.
Parsons Company Profile
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.
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