NYSE:PSN Parsons (PSN) Stock Forecast, Price & News $54.97 -0.98 (-1.75%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$54.83▼$55.8550-Day Range$47.31▼$57.2052-Week Range$38.67▼$57.49Volume899,651 shsAverage Volume647,992 shsMarket Capitalization$5.77 billionP/E Ratio48.65Dividend YieldN/APrice Target$54.11 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Parsons MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside1.6% Downside$54.11 Price TargetShort InterestHealthy2.69% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.09Based on 45 Articles This WeekInsider TradingN/AProj. Earnings Growth16.18%From $2.04 to $2.37 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.85 out of 5 starsBusiness Services Sector226th out of 316 stocksComputer Integrated Systems Design Industry30th out of 38 stocks 1.3 Analyst's Opinion Consensus RatingParsons has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.11, Parsons has a forecasted downside of 1.6% from its current price of $54.97.Amount of Analyst CoverageParsons has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.69% of the outstanding shares of Parsons have been sold short.Short Interest Ratio / Days to CoverParsons has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in Parsons has recently decreased by 7.54%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldParsons does not currently pay a dividend.Dividend GrowthParsons does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PSN. Previous Next 2.3 News and Social Media Coverage News SentimentParsons has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 45 news articles for Parsons this week, compared to 9 articles on an average week.Search Interest6 people have searched for PSN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Parsons to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parsons insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.94% of the stock of Parsons is held by insiders.Percentage Held by Institutions98.19% of the stock of Parsons is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Parsons are expected to grow by 16.18% in the coming year, from $2.04 to $2.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Parsons is 48.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.Price to Earnings Ratio vs. SectorThe P/E ratio of Parsons is 48.65, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 32.91.Price to Earnings Growth RatioParsons has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioParsons has a P/B Ratio of 2.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Parsons (NYSE:PSN) StockParsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity; missile defense technical solutions; C5ISR; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; nuclear and chemical waste remediation; border security and critical infrastructure protection; counter unmanned air systems; and biometrics and biosurveillance solutions to U.S. Department of Defense, including military services; Missile Defense Agency, the Department of Energy; the Department of State; the Department of Homeland Security, and the Federal Aviation Administration. Further, it provides integrated traffic solutions for arterials, smart intersections, airport landside, ports, and tolling integrators; systems optimization, communications-based train control, rail system design and system assurance services; engineering, program management, and environmental solutions to private sector industrial clients and public utilities; digital transformation, advisory services, AI/ML, and digital twin and cyber services; planning, engineering, and management services for infrastructure, including bridges and tunnels, roads and highways, water and wastewater, and dams and reservoirs. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.Read More PSN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PSN Stock News HeadlinesSeptember 21, 2023 | dallasnews.comFormer Cowboys QB Troy Aikman weighs in on Micah Parsons-Lawrence Taylor comparisonsSeptember 21, 2023 | msn.comCowboys’ Micah Parsons tweets Kobe Bryant lion quote after stellar start to seasonSeptember 22, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 21, 2023 | msn.comTrevon Diggs injury puts even bigger spotlight on Micah ParsonsSeptember 21, 2023 | msn.comCowboys' Micah Parsons named NFC Defensive Player of the WeekSeptember 21, 2023 | msn.comNathaniel Hackett: Jets ‘underestimated’ Micah Parsons’ speedSeptember 21, 2023 | msn.comCowboys Could Use Micah Parsons on Offense vs CardinalsSeptember 21, 2023 | msn.comMicah Parsons Hints At Playing New Position This SeasonSeptember 22, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 21, 2023 | msn.com'We Underestimated Micah!' Jets' Coach Damning Reveal on Cowboys' ParsonsSeptember 21, 2023 | msn.comCowboys Star Linebacker Micah Parsons Takes Snaps On OffenseSeptember 21, 2023 | msn.comWatch: Micah Parsons Defends Joe Burrow, Bengals Slow Start AgainSeptember 21, 2023 | finance.yahoo.comParsons Awarded $160 Million Intelligence ContractSeptember 21, 2023 | msn.comCowboys star Micah Parsons’ scary form has Cardinals OC embracing harsh truth ahead of Week 3September 20, 2023 | msn.comWhy Micah Parsons, T.J. Watt are early DPOY favoritesSeptember 20, 2023 | msn.comDallas Cowboys star Micah Parsons finds his ‘why’ in fitting choice of spirit animalSeptember 20, 2023 | dallasnews.comCowboys’ Micah Parsons wins NFC Defensive Player of the Week for third timeSeptember 20, 2023 | yahoo.com"If there was a day in my life I could take back, it would be that day": The death of Gram Parsons - a story of drugs, theft, and a burning corpseSeptember 20, 2023 | msn.comMicah Parsons is the NFC defensive player of the weekSeptember 20, 2023 | msn.comNFL Films Cameras Caught Jets Players Being in Awe of Cowboys LB Micah ParsonsSeptember 19, 2023 | msn.comMic'd-up Cowboys and Jets players were left in awe on the sidelines by Micah Parsons' dominant performanceSeptember 19, 2023 | msn.comPenn State's James Franklin Says Football Is Only a 'Small Part' of Micah Parsons' SuccessSeptember 19, 2023 | msn.comCowboys LB Micah Parsons’ ‘possessed lion’ mentality will have opposing quarterbacks trembling in fearSeptember 19, 2023 | news.yahoo.comWhat James Franklin said about how Dallas Cowboys’ Micah Parsons is growing on, off the fieldSeptember 19, 2023 | msn.comCowboys' Micah Parsons making his case for early MVP consideration after Dallas' dominant 2-0 startSeptember 19, 2023 | msn.comMicah Parsons Breaks Down Late Hit on Travis Hunter: ‘Malicious and Dirty’September 19, 2023 | msn.comMicah Parsons Sends A Warning To Commanders WRSee More Headlines Receive PSN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Parsons and its competitors with MarketBeat's FREE daily newsletter. Email Address PSN Company Calendar Last Earnings8/02/2023Today9/21/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Computer integrated systems design Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:PSN CUSIPN/A CIK275880 Webwww.parsons.com Phone(703) 988-8500FaxN/AEmployees17,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$54.11 High Stock Price Forecast$66.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside-1.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.13 Trailing P/E Ratio48.65 Forward P/E Ratio26.95 P/E Growth2.11Net Income$96.66 million Net Margins2.65% Pretax Margin4.67% Return on Equity9.11% Return on Assets4.49% Debt Debt-to-Equity Ratio0.34 Current Ratio1.53 Quick Ratio1.53 Sales & Book Value Annual Sales$4.20 billion Price / Sales1.37 Cash Flow$2.78 per share Price / Cash Flow19.76 Book Value$20.25 per share Price / Book2.71Miscellaneous Outstanding Shares104,890,000Free Float103,899,000Market Cap$5.77 billion OptionableNot Optionable Beta0.80 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMs. Carey A. Smith (Age 59)Pres, CEO & Chairwoman Comp: $2.23MMr. Matthew OfilosChief Financial OfficerMr. Michael R. Kolloway (Age 62)Chief Legal Officer & Sec. Comp: $1.01MMs. Susan M. Balaguer (Age 54)Chief HR Officer Comp: $821.7kMs. Wendy Van WickleChief Bus. Operations OfficerMr. Ricardo LorenzoChief Technology OfficerMr. Scott CarlChief Information OfficerMr. David SpilleVP of Investor RelationsMr. Jason YaleyChief Communications OfficerMr. Pierre SantoniPres of Infrastructure EMEAMore ExecutivesKey CompetitorsWatts Water TechnologiesNYSE:WTSFreshworksNASDAQ:FRSHScience Applications InternationalNYSE:SAICMKS InstrumentsNASDAQ:MKSINew RelicNYSE:NEWRView All CompetitorsInstitutional OwnershipWestern Wealth Management LLCSold 9,753 shares on 8/30/2023Ownership: 0.010%California State Teachers Retirement SystemBought 6,250 shares on 8/21/2023Ownership: 0.048%Osaic Holdings Inc.Bought 25,774 shares on 8/21/2023Ownership: 0.047%Legato Capital Management LLCBought 11,707 shares on 8/18/2023Ownership: 0.016%Castleark Management LLCBought 129,760 shares on 8/16/2023Ownership: 0.124%View All Institutional Transactions PSN Stock - Frequently Asked Questions Should I buy or sell Parsons stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSN shares. View PSN analyst ratings or view top-rated stocks. What is Parsons' stock price forecast for 2023? 8 equities research analysts have issued twelve-month price targets for Parsons' stock. Their PSN share price forecasts range from $39.00 to $66.00. On average, they predict the company's stock price to reach $54.11 in the next twelve months. This suggests that the stock has a possible downside of 1.6%. View analysts price targets for PSN or view top-rated stocks among Wall Street analysts. How have PSN shares performed in 2023? Parsons' stock was trading at $46.25 at the beginning of the year. Since then, PSN stock has increased by 18.9% and is now trading at $54.97. View the best growth stocks for 2023 here. When is Parsons' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our PSN earnings forecast. How were Parsons' earnings last quarter? Parsons Co. (NYSE:PSN) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.12. The firm earned $1.36 billion during the quarter, compared to analysts' expectations of $1.12 billion. Parsons had a net margin of 2.65% and a trailing twelve-month return on equity of 9.11%. What ETFs hold Parsons' stock? ETFs with the largest weight of Parsons (NYSE:PSN) stock in their portfolio include SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), ETFMG Prime Cyber Security ETF (HACK), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR Kensho Future Security ETF (FITE), iShares U.S. Aerospace & Defense ETF (ITA), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and Invesco Aerospace & Defense ETF (PPA). What guidance has Parsons issued on next quarter's earnings? Parsons issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.85 billion-$5.05 billion, compared to the consensus revenue estimate of $4.65 billion. What other stocks do shareholders of Parsons own? Based on aggregate information from My MarketBeat watchlists, some companies that other Parsons investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Marvell Technology (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU). When did Parsons IPO? (PSN) raised $500 million in an initial public offering on Wednesday, May 8th 2019. The company issued 18,500,000 shares at $26.00-$28.00 per share. Goldman Sachs, BofA Merrill Lynch and Morgan Stanley served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank were co-managers. What is Parsons' stock symbol? Parsons trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSN." Who are Parsons' major shareholders? Parsons' stock is owned by many different institutional and retail investors. Top institutional investors include Earnest Partners LLC (2.67%), Mackenzie Financial Corp (2.67%), Dimensional Fund Advisors LP (1.21%), Allspring Global Investments Holdings LLC (0.83%), Allspring Global Investments Holdings LLC (0.83%) and Nuveen Asset Management LLC (0.75%). Insiders that own company stock include Carey A Smith, George L Ball, Harry T Mcmahon and Michael Richard Kolloway. View institutional ownership trends. How do I buy shares of Parsons? Shares of PSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Parsons' stock price today? One share of PSN stock can currently be purchased for approximately $54.97. How much money does Parsons make? Parsons (NYSE:PSN) has a market capitalization of $5.77 billion and generates $4.20 billion in revenue each year. The company earns $96.66 million in net income (profit) each year or $1.13 on an earnings per share basis. How many employees does Parsons have? The company employs 17,000 workers across the globe. How can I contact Parsons? Parsons' mailing address is 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120. The official website for the company is www.parsons.com. The company can be reached via phone at (703) 988-8500 or via email at dave.spille@parsons.com. This page (NYSE:PSN) was last updated on 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Parsons Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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