Morgan Stanley started coverage on shares of Parsons (NYSE:PSN) in a report released on Monday, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $35.00 target price on the stock.

PSN has been the topic of several other reports. Cowen started coverage on shares of Parsons in a research report on Monday. They issued an outperform rating and a $35.00 price objective on the stock. SunTrust Banks started coverage on shares of Parsons in a research report on Monday. They issued a buy rating and a $37.00 price objective on the stock. Finally, Goldman Sachs Group started coverage on shares of Parsons in a research report on Monday. They issued a buy rating and a $43.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $37.17.

Shares of NYSE:PSN opened at $32.27 on Monday. Parsons has a fifty-two week low of $29.03 and a fifty-two week high of $33.67.

In related news, CFO George L. Ball purchased 25,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $29.40 per share, for a total transaction of $735,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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.

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Analyst Recommendations for Parsons (NYSE:PSN)

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