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NYSE:PSN

Parsons - PSN Stock Forecast, Price & News

$42.97
-0.31 (-0.72%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$42.83
$43.30
50-Day Range
$36.67
$43.65
52-Week Range
$29.25
$43.84
Volume
212,371 shs
Average Volume
440,048 shs
Market Capitalization
$4.45 billion
P/E Ratio
53.71
Dividend Yield
N/A
Price Target
$42.00

Parsons MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
2.3% Downside
$42.00 Price Target
Short Interest
Bearish
3.23% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of Parsons in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$2.91 M Bought Last Quarter
Proj. Earnings Growth
17.90%
From $1.62 to $1.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Business Services Sector

242nd out of 339 stocks

Computer Integrated Systems Design Industry

26th out of 40 stocks

PSN stock logo

About Parsons (NYSE:PSN) Stock

Parsons 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 cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and the U.S. Department of Defense; technology services for energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

Analyst Upgrades and Downgrades

PSN has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on Parsons from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Thursday, August 4th. Benchmark increased their price objective on Parsons to $46.00 in a research report on Tuesday, August 9th. Truist Financial lowered Parsons from a "buy" rating to a "hold" rating and set a $42.00 price objective on the stock. in a research report on Friday, April 22nd. TheStreet upgraded Parsons from a "c+" rating to a "b-" rating in a research report on Tuesday, July 19th. Finally, Raymond James increased their price objective on Parsons from $43.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $42.00.

Parsons Stock Up 1.5 %

NYSE:PSN opened at $43.28 on Tuesday. Parsons has a 12-month low of $29.25 and a 12-month high of $43.84. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4.48 billion, a P/E ratio of 54.10, a P/E/G ratio of 2.14 and a beta of 0.83. The stock's fifty day simple moving average is $40.56 and its 200-day simple moving average is $37.91.

Parsons (NYSE:PSN - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $930.97 million. Parsons had a return on equity of 9.05% and a net margin of 2.26%. The firm's revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Equities research analysts expect that Parsons will post 1.62 earnings per share for the current year.

Insiders Place Their Bets

In other Parsons news, CFO George L. Ball bought 70,000 shares of Parsons stock in a transaction on Friday, August 5th. The shares were purchased at an average cost of $41.50 per share, for a total transaction of $2,905,000.00. Following the completion of the acquisition, the chief financial officer now owns 122,857 shares in the company, valued at approximately $5,098,565.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

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PSN Stock News Headlines

PSN or PAY: Which Is the Better Value Stock Right Now?
Parsons (NYSE:PSN) PT Raised to $46.00
Morgan Stanley Raises Parsons (NYSE:PSN) Price Target to $40.00
See More Headlines
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PSN Company Calendar

Last Earnings
8/03/2022
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
15,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$42.00
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
-2.3%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$64.07 million
Pretax Margin
3.57%

Debt

Sales & Book Value

Annual Sales
$3.66 billion
Cash Flow
$2.98 per share
Book Value
$18.94 per share

Miscellaneous

Free Float
102,837,000
Market Cap
$4.45 billion
Optionable
Not Optionable
Beta
0.83

Key Executives














PSN Stock - Frequently Asked Questions

Should I buy or sell Parsons stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 2022?

7 equities research analysts have issued twelve-month price targets for Parsons' stock. Their PSN share price forecasts range from $39.00 to $46.00. On average, they expect the company's share price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
View analysts price targets for PSN
or view top-rated stocks among Wall Street analysts.

How have PSN shares performed in 2022?

Parsons' stock was trading at $33.65 at the beginning of the year. Since then, PSN shares have increased by 27.7% and is now trading at $42.97.
View the best growth stocks for 2022 here
.

When is Parsons' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PSN earnings forecast
.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $930.97 million. Parsons had a net margin of 2.26% and a trailing twelve-month return on equity of 9.05%. The firm's revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share.

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

Parsons updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.95 billion-$4.15 billion, compared to the consensus revenue estimate of $3.91 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 (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.

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 a number of institutional and retail investors. Top institutional investors include Newport Trust Co (63.04%), Price T Rowe Associates Inc. MD (3.80%), Mackenzie Financial Corp (3.03%), Allspring Global Investments Holdings LLC (1.32%), abrdn plc (0.43%) and Chartwell Investment Partners LLC (0.34%). Insiders that own company stock include Carey A Smith, Charles L Harrington, George L Ball, Harry T Mcmahon, 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 $42.97.

How much money does Parsons make?

Parsons (NYSE:PSN) has a market capitalization of $4.45 billion and generates $3.66 billion in revenue each year. The company earns $64.07 million in net income (profit) each year or $0.80 on an earnings per share basis.

How many employees does Parsons have?

The company employs 15,500 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 8/16/2022 by MarketBeat.com Staff

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