Goldman Sachs analyst Noah Poponak maintained a Hold rating on Parsons (PSN – Research Report) yesterday. The company’s shares closed last Friday at $78.47.
According to TipRanks, Poponak is a 3-star analyst with an average return of 1.5% and a 46.78% success rate. Poponak covers the Industrials sector, focusing on stocks such as Boeing, Hexcel, and Howmet Aerospace.
Parsons has an analyst consensus of Strong Buy, with a price target consensus of $88.75.
Based on Parsons’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.49 billion and a net profit of $44.91 million. In comparison, last year the company earned a revenue of $1.1 billion and had a net profit of $28.13 million
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Parsons (PSN) Company Description:
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.
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