S&P 500   5,123.41
DOW   37,983.24
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5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
How O.J. Simpson burned the Ford Bronco into America's collective memory
NYSE:PSN

Parsons (PSN) Stock Price, News & Analysis

$80.41
-0.26 (-0.32%)
(As of 04/12/2024 ET)
Today's Range
$79.96
$80.90
50-Day Range
$65.17
$84.28
52-Week Range
$42.22
$85.44
Volume
494,675 shs
Average Volume
1.01 million shs
Market Capitalization
$8.51 billion
P/E Ratio
56.63
Dividend Yield
N/A
Price Target
$76.89

Parsons MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
4.4% Downside
$76.89 Price Target
Short Interest
Healthy
4.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.07mentions of Parsons in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.69%
From $2.55 to $2.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.81 out of 5 stars

Business Services Sector

161st out of 312 stocks

Computer Integrated Systems Design Industry

11th out of 34 stocks

PSN stock logo

About Parsons Stock (NYSE:PSN)

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. 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. The Critical Infrastructure segment provides management, design, and engineering services, as well as offers leveraging sensor solutions. This segment develops digital solutions for next generation aviation, rail and transit, bridges, roads, and highways; and provides water and wastewater treatment systems; AI/ML, and digital twin and cyber systems integration 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 Chantilly, Virginia.

PSN Stock Price History

PSN Stock News Headlines

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How DAL should approach Lamb, Parsons, Prescott
Parsons (NYSE:PSN) Sets New 1-Year High at $84.99
Parsons (NYSE:PSN) Earns "Buy" Rating from Benchmark
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
4/13/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
18,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$76.89
High Stock Price Target
$100.00
Low Stock Price Target
$65.00
Potential Upside/Downside
-4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$161.15 million
Pretax Margin
4.85%

Debt

Sales & Book Value

Annual Sales
$5.44 billion
Cash Flow
$3.36 per share
Book Value
$22.66 per share

Miscellaneous

Free Float
46,565,000
Market Cap
$8.51 billion
Optionable
Not Optionable
Beta
0.85
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Key Executives


PSN Stock Analysis - Frequently Asked Questions

Should I buy or sell Parsons stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSN shares.
View PSN analyst ratings
or view top-rated stocks.

What is Parsons' stock price target for 2024?

9 Wall Street analysts have issued 1-year target prices for Parsons' stock. Their PSN share price targets range from $65.00 to $100.00. On average, they expect the company's share price to reach $76.89 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for PSN
or view top-rated stocks among Wall Street analysts.

How have PSN shares performed in 2024?

Parsons' stock was trading at $62.71 at the beginning of 2024. Since then, PSN stock has increased by 28.2% and is now trading at $80.41.
View the best growth stocks for 2024 here
.

Are investors shorting Parsons?

Parsons saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 4,230,000 shares, an increase of 28.6% from the February 14th total of 3,290,000 shares. Based on an average trading volume of 784,000 shares, the days-to-cover ratio is presently 5.4 days.
View Parsons' Short Interest
.

When is Parsons' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PSN earnings forecast
.

How can I listen to Parsons' earnings call?

Parsons will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) released its quarterly earnings data on Wednesday, February, 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.33 billion. Parsons had a trailing twelve-month return on equity of 10.32% and a net margin of 2.96%. The firm's revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share.

What guidance has Parsons issued on next quarter's earnings?

Parsons issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.8 billion-$6.0 billion, compared to the consensus revenue estimate of $5.6 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?

Parsons (PSN) raised $500 million in an IPO on Wednesday, May 8th 2019. The company issued 18,500,000 shares at a price of $26.00-$28.00 per share. Goldman Sachs, BofA Merrill Lynch and Morgan Stanley acted as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank were co-managers.

Who are Parsons' major shareholders?

Parsons' stock is owned by a number of retail and institutional investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (0.06%), Clarus Wealth Advisors (0.00%) and Salem Investment Counselors Inc. (0.00%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PSN) was last updated on 4/13/2024 by MarketBeat.com Staff

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