NYSE:PSN Parsons (PSN) Stock Forecast, Price & News $45.98 +1.05 (+2.34%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$45.04▼$46.1450-Day Range$42.76▼$46.7852-Week Range$36.10▼$50.15Volume703,495 shsAverage Volume341,931 shsMarket Capitalization$4.82 billionP/E Ratio49.98Dividend YieldN/APrice Target$49.78 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Parsons MarketRank™ ForecastAnalyst RatingHold2.14 Rating ScoreUpside/Downside8.3% Upside$49.78 Price TargetShort InterestHealthy2.99% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.29Based on 26 Articles This WeekInsider TradingN/AProj. Earnings Growth14.29%From $1.89 to $2.16 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.1.63 out of 5 starsBusiness Services Sector155th out of 339 stocksComputer Integrated Systems Design Industry21st out of 38 stocks 1.1 Analyst's Opinion Consensus RatingParsons has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 3 buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.78, Parsons has a forecasted upside of 8.3% from its current price of $45.98.Amount of Analyst CoverageParsons has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.99% 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 6.4.Change versus previous monthShort interest in Parsons has recently decreased by 1.57%, indicating that investor sentiment is improving. 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 1.8 News and Social Media Coverage News SentimentParsons has a news sentiment score of 0.29. 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 0.48 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Parsons this week, compared to 7 articles on an average week.Search InterestOnly 2 people have searched for PSN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Parsons to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 Institutions99.59% 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 14.29% in the coming year, from $1.89 to $2.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Parsons is 49.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Parsons is 49.98, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 261.56.Price to Earnings Growth RatioParsons has a PEG Ratio of 2.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioParsons has a P/B Ratio of 2.27. 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 Corp. engages in the provision of engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. It delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. It operates through the Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is involved in advanced technologies, including cybersecurity, missile defense systems, C5ISR, space launch and situational awareness, geospatial intelligence, RF signals intelligence, nuclear and chemical waste remediation, and engineering services. The Critical Infrastructure segment offers integrated design and engineering services for complex physical and digital infrastructure around the globe. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Centreville, VA.Read More 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 Stock News HeadlinesJune 3, 2023 | msn.comMicah Parsons jokingly hints at Swiss Army knife role with CowboysJune 2, 2023 | msn.comBoxing, Ray Lewis, and being smooth: Micah Parsons gets philosophical on Cowboys in '23June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.June 2, 2023 | msn.comWhy Cowboys' Micah Parsons is 'Off Sack Wave,' Copying Rams' Aaron DonaldJune 2, 2023 | msn.comMicah Parsons: 'I'll Play 8 Different Positions' in 'Special' Cowboys DefenseJune 2, 2023 | msn.com‘Off the sack wave’: Cowboys’ Micah Parsons reveals Aaron Donald ‘impact’ desiresJune 2, 2023 | msn.comContent creator, impact player Micah Parsons to have year to remember for Dallas CowboysJune 2, 2023 | dallasnews.comCowboys LB Micah Parsons not chasing sack title, wants to be ‘dominant’June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.June 1, 2023 | msn.comCowboys coach Mike McCarthy details how Micah Parsons can take next stepJune 1, 2023 | finance.yahoo.comParsons to Present at the Stifel 2023 Cross Sector Insight ConferenceJune 1, 2023 | finance.yahoo.comArtificial Intelligence Accelerating Growth & Efficiency Across ParsonsMay 31, 2023 | msn.comThe Parsons 74th Annual Benefit Event Championed The Next Generation Of DesignersMay 31, 2023 | msn.comMan connected to Parsons shooting sought, policeMay 31, 2023 | fool.comParsons (NYSE: PSN)May 31, 2023 | msn.comStifel Maintains Parsons (PSN) Buy RecommendationMay 31, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Parsons CorpMay 31, 2023 | markets.businessinsider.comWhere Parsons Corp Stands With AnalystsMay 31, 2023 | finance.yahoo.comParsons Partners with Vizsafe to Enhance Public Safety and Security SolutionsMay 31, 2023 | americanbankingnews.comParsons (NYSE:PSN) Price Target Raised to $52.00May 30, 2023 | msn.comCowboys ‘Micah Parsons Slams 'Rip-Off' Universal Theme ParkMay 30, 2023 | msn.comCowboys Micah Parsons New Contract: NFL-Record $32 Million A Year?May 29, 2023 | yahoo.comThis $99 gaming gadget is keeping my PlayStation Vita 2 dreams aliveMay 29, 2023 | msn.comDallas Cowboys Star Micah Parsons Calls Out Famous Florida Attraction Over Absurd CostMay 28, 2023 | news.yahoo.com'BBT' Fans Declare Mayim Bialik Is “Up to Something” After Her Instagram With Jim ParsonsMay 27, 2023 | americanbankingnews.comAnalysts Set Parsons Co. (NYSE:PSN) PT at $49.50May 26, 2023 | forbes.comOlivier Rousteing Gives Sincere Message To Graduates At The 74th Annual Parsons BenefitSee More Headlines PSN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PSN Company Calendar Last Earnings5/03/2023Today6/03/2023Next Earnings (Estimated)8/02/2023Fiscal 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$49.78 High Stock Price Forecast$55.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside+8.3%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.92 Trailing P/E Ratio49.98 Forward P/E Ratio24.33 P/E Growth2.09Net Income$96.66 million Net Margins2.30% Pretax Margin4.10% Return on Equity8.38% Return on Assets4.12% Debt Debt-to-Equity Ratio0.35 Current Ratio1.58 Quick Ratio1.58 Sales & Book Value Annual Sales$4.20 billion Price / Sales1.15 Cash Flow$2.91 per share Price / Cash Flow15.80 Book Value$20.27 per share Price / Book2.27Miscellaneous Outstanding Shares104,860,000Free Float103,871,000Market Cap$4.82 billion OptionableNot Optionable Beta0.83 Key ExecutivesCarey A. SmithChairman, President & Chief Executive OfficerWendy Van WickleChief Business Operations OfficerMatthew OfilosChief Financial OfficerStuart KippelmanChief Information OfficerRicardo LorenzoChief Technology OfficerKey CompetitorsKyndrylNYSE:KDAurora InnovationNASDAQ:AURVeradigmNASDAQ:MDRXTDCXNYSE:TDCXConcentrixNASDAQ:CNXCView All CompetitorsInsiders & InstitutionsLegato Capital Management LLCBought 5,514 shares on 5/25/2023Ownership: 0.005%Ameriprise Financial Inc.Bought 43,260 shares on 5/22/2023Ownership: 0.402%Balyasny Asset Management L.P.Sold 15,266 shares on 5/16/2023Ownership: 0.051%Greenland Capital Management LPBought 17,912 shares on 5/16/2023Ownership: 0.017%AQR Capital Management LLCBought 8,693 shares on 5/16/2023Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions PSN Stock - Frequently Asked Questions Should I buy or sell Parsons stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PSN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSN, but not buy additional shares or sell existing shares. View PSN analyst ratings or view top-rated stocks. What is Parsons' stock price forecast for 2023? 7 brokerages have issued 12-month price targets for Parsons' shares. Their PSN share price forecasts range from $39.00 to $55.00. On average, they anticipate the company's stock price to reach $49.78 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. 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 shares have decreased by 0.6% and is now trading at $45.98. 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, August 2nd 2023. View our PSN earnings forecast. How were Parsons' earnings last quarter? Parsons Co. (NYSE:PSN) posted its earnings results on Wednesday, May, 3rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business earned $1.17 billion during the quarter, compared to the consensus estimate of $1.05 billion. Parsons had a trailing twelve-month return on equity of 8.38% and a net margin of 2.30%. 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), Invesco Dynamic Software ETF (PSJ), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Indxx Aerospace & Defense ETF (MISL), SRH U.S. Quality ETF (SRHQ), ETFMG Prime Cyber Security ETF (HACK), SPDR Kensho Future Security ETF (FITE) and Qraft AI-Enhanced Next Value ETF (NVQ). What guidance has Parsons issued on next quarter's earnings? Parsons updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.50 billion-$4.70 billion, compared to the consensus revenue estimate of $4.52 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 acted 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 Newport Trust Co (59.78%), Mackenzie Financial Corp (2.69%), Channing Capital Management LLC (1.32%), Dimensional Fund Advisors LP (1.16%), New York State Common Retirement Fund (0.91%) and Allspring Global Investments Holdings LLC (0.84%). 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 $45.98. How much money does Parsons make? Parsons (NYSE:PSN) has a market capitalization of $4.82 billion and generates $4.20 billion in revenue each year. The company earns $96.66 million in net income (profit) each year or $0.92 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 6/3/2023 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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