Free Trial

Parsons (PSN) Stock Price, News & Analysis

$77.08
-0.05 (-0.06%)
(As of 05/22/2024 ET)
Today's Range
$76.69
$77.30
50-Day Range
$76.51
$84.28
52-Week Range
$42.79
$85.44
Volume
853,660 shs
Average Volume
768,775 shs
Market Capitalization
$11.31 billion
P/E Ratio
428.25
Dividend Yield
N/A
Price Target
$83.10

Parsons MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.8% Upside
$83.10 Price Target
Short Interest
Bearish
2.80% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Parsons in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.56%
From $2.57 to $2.97 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.

2.22 out of 5 stars

Business Services Sector

204th out of 308 stocks

Computer Integrated Systems Design Industry

18th 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

3 Little-Known AI Stocks That Could Be the Next Big Thing
Micah Parsons absent from Cowboys’ OTAs
Micah Parsons Is Not At Cowboys’ OTAs
UFC 304 adds Oban Elliott vs. Preston Parsons
Cowboys News: Parsons inks extensions, NFL schedule leaks
See 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.

Company Calendar

Last Earnings
5/01/2024
Today
5/23/2024
Next Earnings (Estimated)
8/07/2024
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
$83.10
High Stock Price Target
$100.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+7.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$161.15 million
Pretax Margin
1.60%

Debt

Sales & Book Value

Annual Sales
$5.44 billion
Cash Flow
$3.37 per share
Book Value
$15.29 per share

Miscellaneous

Free Float
64,569,000
Market Cap
$11.31 billion
Optionable
Not Optionable
Beta
0.86
These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Key Executives


PSN Stock Analysis - Frequently Asked Questions

Should I buy or sell Parsons stock right now?

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

What is Parsons' stock price target for 2024?

10 equities research analysts have issued 12-month target prices for Parsons' shares. Their PSN share price targets range from $65.00 to $100.00. On average, they anticipate the company's share price to reach $83.10 in the next year. This suggests a possible upside of 7.8% 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 2024?

Parsons' stock was trading at $62.71 at the start of the year. Since then, PSN stock has increased by 22.9% and is now trading at $77.08.
View the best growth stocks for 2024 here
.

When is Parsons' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our PSN earnings forecast
.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) released its earnings results on Wednesday, May, 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The company earned $1.54 billion during the quarter, compared to analysts' expectations of $1.37 billion. Parsons had a trailing twelve-month return on equity of 11.27% and a net margin of 0.49%.

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

Parsons issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.1 billion-$6.4 billion, compared to the consensus revenue estimate of $6.0 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 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.

Who are Parsons' major shareholders?

Parsons' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.29%), Earnest Partners LLC (1.44%), Principal Financial Group Inc. (0.95%), Allspring Global Investments Holdings LLC (0.54%), Allspring Global Investments Holdings LLC (0.54%) and Hennessy Advisors Inc. (0.41%). 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 5/23/2024 by MarketBeat.com Staff

From Our Partners