Cowen & Co. analyst Cai Rumohr maintained a Hold rating on Parsons (NYSE:PSN) on Friday, setting a price target of $43, which is approximately 3.07% above the present share price of $41.72.
Rumohr expects Parsons to post earnings per share (EPS) of $0.09 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Parsons, with an average price target of $48.
The analysts price targets range from a high of $70 to a low of $38.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $874.7 million and a net profit of $18.09 million. The company's market cap is $4.27 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.7% and a 63.16% success rate.
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. Its projects include airports, bridges, chemical demilitarization, dams, energy generation facilities, environmental remediation and restoration, homeland defense, hospitals, missile defense, pharmaceutical plants, ports, public works, rail systems, roads, schools and universities, water distribution, and wastewater treatment systems. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Pasadena, CA.