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NYSE:PSN

Parsons (PSN) Stock Forecast, Price & News

$44.97
+0.28 (+0.63%)
(As of 11:45 AM ET)
Compare
Today's Range
$44.11
$45.00
50-Day Range
$42.10
$46.78
52-Week Range
$36.10
$50.15
Volume
88,252 shs
Average Volume
490,110 shs
Market Capitalization
$4.72 billion
P/E Ratio
48.88
Dividend Yield
N/A
Price Target
$49.50

Parsons MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
11.0% Upside
$49.78 Price Target
Short Interest
Healthy
2.99% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of Parsons in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.46%
From $1.89 to $2.22 Per Share

Overall MarketRank

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

2.12 out of 5 stars

Business Services Sector

347th out of 684 stocks

Computer Integrated Systems Design Industry

45th out of 78 stocks


PSN stock logo

About Parsons (NYSE:PSN) Stock

Parsons 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.

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PSN Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Parsons (NYSE: PSN)
What 5 Analyst Ratings Have To Say About Parsons Corp
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Where Parsons Corp Stands With Analysts
Parsons (NYSE:PSN) Price Target Raised to $52.00
Analysts Set Parsons Co. (NYSE:PSN) PT at $49.50
See More Headlines

PSN Price History

PSN Company Calendar

Last Earnings
5/03/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
17,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.78
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$96.66 million
Pretax Margin
4.10%

Debt

Sales & Book Value

Annual Sales
$4.20 billion
Cash Flow
$2.87 per share
Book Value
$20.27 per share

Miscellaneous

Free Float
103,871,000
Market Cap
$4.63 billion
Optionable
Not Optionable
Beta
0.83

Key Executives

  • Carey A. SmithCarey A. Smith
    Chairman, President & Chief Executive Officer
  • Wendy Van Wickle
    Chief Business Operations Officer
  • Matthew Ofilos
    Chief Financial Officer
  • Stuart Kippelman
    Chief Information Officer
  • Ricardo Lorenzo
    Chief Technology Officer













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 Wall Street research analysts have issued 12-month price targets for Parsons' stock. 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 year. This suggests a possible upside of 12.7% 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 4.5% and is now trading at $44.18.
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 (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm earned $1.17 billion during the quarter, compared to analyst estimates of $1.05 billion. Parsons had a trailing twelve-month return on equity of 8.38% and a net margin of 2.30%.

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

Parsons updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS 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 (IPO) 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 a number of 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 $44.18.

How much money does Parsons make?

Parsons (NYSE:PSN) has a market capitalization of $4.63 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 6/1/2023 by MarketBeat.com Staff

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