NYSE:PSN

Parsons Stock Forecast, Price & News

$34.48
-0.60 (-1.71 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$34.29
$35.44
50-Day Range
$32.00
$40.69
52-Week Range
$30.08
$45.01
Volume1.19 million shs
Average Volume320,575 shs
Market Capitalization$3.53 billion
P/E Ratio45.37
Dividend YieldN/A
Beta1.1
30 days | 90 days | 365 days | Advanced Chart
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About Parsons

Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. The firm delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. It operates through following business segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment provides 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 provides 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.

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MarketRank

Overall MarketRank

2.11 out of 5 stars

Business Services Sector

127th out of 392 stocks

Computer Integrated Systems Design Industry

19th out of 39 stocks

Analyst Opinion: 2.9Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Parsons (NYSE:PSN) Frequently Asked Questions

Is Parsons a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Parsons stock. 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 analyst ratings for Parsons
or view top-rated stocks.

What stocks does MarketBeat like better than Parsons?

Wall Street analysts have given Parsons a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parsons wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Parsons?

Parsons saw a drop in short interest in the month of August. As of August 13th, there was short interest totaling 2,850,000 shares, a drop of 12.0% from the July 29th total of 3,240,000 shares. Based on an average trading volume of 390,700 shares, the short-interest ratio is currently 7.3 days. Currently, 2.8% of the shares of the company are sold short.
View Parsons' Short Interest
.

When is Parsons' next earnings date?

Parsons is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Parsons
.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) posted its earnings results on Tuesday, August, 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.19. The business had revenue of $879 million for the quarter, compared to analysts' expectations of $978.79 million. Parsons had a trailing twelve-month return on equity of 9.01% and a net margin of 2.10%. The firm's revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.
View Parsons' earnings history
.

How has Parsons' stock price been impacted by COVID-19 (Coronavirus)?

Parsons' stock was trading at $32.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSN stock has increased by 6.8% and is now trading at $34.48.
View which stocks have been most impacted by COVID-19
.

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

Parsons updated its FY 2021 earnings guidance on Wednesday, August, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.60 billion-$3.70 billion, compared to the consensus revenue estimate of $3.94 billion.

What price target have analysts set for PSN?

5 Wall Street analysts have issued twelve-month price targets for Parsons' shares. Their forecasts range from $33.00 to $70.00. On average, they anticipate Parsons' stock price to reach $43.60 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts' price targets for Parsons
or view top-rated stocks among Wall Street analysts.

Who are Parsons' key executives?

Parsons' management team includes the following people:
  • Carey A. Smith, President, Chief Executive Officer & Director
  • George L. Ball, Chief Financial Officer & Executive Vice President
  • Stuart Kippelman, Chief Information Officer
  • Virginia L. Grebbien, Chief Corporate Affairs Officer
  • Donald Douglas Graul, President-Construction Group

Who are some of Parsons' key competitors?

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), Square (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), The Boeing (BA), The 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 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 served 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 shareholders include Newport Trust Co (70.56%), Mackenzie Financial Corp (2.51%), Price T Rowe Associates Inc. MD (2.44%), Vanguard Group Inc. (2.24%), BlackRock Inc. (1.95%) and State Street Corp (1.87%). Company insiders that own Parsons stock include Carey A Smith, Charles L Harrington, George L Ball, Harry T Mcmahon and Michael Richard Kolloway.
View institutional ownership trends for Parsons
.

Which institutional investors are selling Parsons stock?

PSN stock was sold by a variety of institutional investors in the last quarter, including Newport Trust Co, Legal & General Group Plc, Lazard Asset Management LLC, FMR LLC, Nuveen Asset Management LLC, Millennium Management LLC, Invesco Ltd., and JPMorgan Chase & Co..
View insider buying and selling activity for Parsons
or view top insider-selling stocks.

Which institutional investors are buying Parsons stock?

PSN stock was bought by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Morgan Stanley, Morgan Stanley, New York State Common Retirement Fund, Dimensional Fund Advisors LP, State Street Corp, Point72 Asset Management L.P., and M&G Investment Management Ltd.. Company insiders that have bought Parsons stock in the last two years include Carey A Smith, Charles L Harrington, George L Ball, Harry T Mcmahon, and Michael Richard Kolloway.
View insider buying and selling activity for Parsons
or or view top insider-buying stocks.

How do I buy shares of Parsons?

Shares of PSN 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 $34.48.

How much money does Parsons make?

Parsons has a market capitalization of $3.53 billion and generates $3.92 billion in revenue each year. The company earns $98.54 million in net income (profit) each year or $1.83 on an earnings per share basis.

How many employees does Parsons have?

Parsons employs 15,500 workers across the globe.

What is Parsons' official website?

The official website for Parsons is www.parsons.com.

Where are Parsons' headquarters?

How can I contact Parsons?

Parsons' mailing address is 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120. The company can be reached via phone at (703) 988-8500 or via email at [email protected].


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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