Parsons (PSN) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSN shares.
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8 equities research analysts have issued 12-month target prices for Parsons' stock. Their PSN share price forecasts range from $39.00 to $66.00. On average, they anticipate the company's stock price to reach $54.11 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price.
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Parsons' stock was trading at $46.25 at the beginning of the year. Since then, PSN shares have increased by 16.6% and is now trading at $53.92.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PSN earnings forecast.

Parsons Co. (NYSE:PSN) released its earnings results on Wednesday, August, 2nd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.12 billion. Parsons had a net margin of 2.65% and a trailing twelve-month return on equity of 9.11%.

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).

Parsons issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided 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.

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).

(PSN) raised $500 million in an initial public offering (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.

Parsons trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSN."

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.
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One share of PSN stock can currently be purchased for approximately $53.92.

Parsons (NYSE:PSN) has a market capitalization of $5.66 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.

The company employs 17,000 workers across the globe.

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.