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NYSE:PSN

Parsons - PSN Stock Forecast, Price & News

$48.38
+0.19 (+0.39%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$47.85
▼
$48.52
50-Day Range
$39.04
▼
$49.68
52-Week Range
$29.25
▼
$50.15
Volume
444,963 shs
Average Volume
428,198 shs
Market Capitalization
$5.01 billion
P/E Ratio
54.36
Dividend Yield
N/A
Price Target
$47.00

Parsons MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
2.9% Downside
$47.00 Price Target
Short Interest
Bearish
3.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
16.87%
From $1.66 to $1.94 Per Share

Overall MarketRank™

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

1.67 out of 5 stars

Business Services Sector

302nd out of 331 stocks

Computer Integrated Systems Design Industry

33rd out of 40 stocks

See Top Rated MarketRank™ Stocks Here
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.

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PSN Stock News Headlines

November 19, 2022 | americanbankingnews.com
Cowen Raises Parsons (NYSE:PSN) Price Target to $51.00
November 17, 2022 | finance.yahoo.com
An Intrinsic Calculation For Parsons Corporation (NYSE:PSN) Suggests It's 29% Undervalued
November 11, 2022 | finance.yahoo.com
Parsons Continues Dedication to Veterans
November 8, 2022 | finance.yahoo.com
Parsons Awarded $28M Task Order for PFAS Investigation at Army National Guard Facilities
November 2, 2022 | finance.yahoo.com
Parsons (PSN) Q3 Earnings Miss Estimates
October 27, 2022 | msn.com
Micah Parsons says he's faster than Justin Fields, Jalen Hurts
October 27, 2022 | msn.com
NFL stat correction emphasizes Micah Parsons’ dominant tear in Cowboys’ win vs. Lions
October 26, 2022 | msn.com
Micah Parsons aided a bullied special needs teen before saving game for Dallas Cowboys
October 26, 2022 | finance.yahoo.com
Parsons Charges Up Zero Emission Vehicle and Fleet Electrification Business
October 26, 2022 | msn.com
Cowboys' Micah Parsons says NFL owes him sack in performance vs. Lions
October 25, 2022 | msn.com
Cowboys LB Micah Parsons: 'Father-son talk' with Quinn inspired his 'superpower' on game-saving tackle
October 25, 2022 | msn.com
‘Challenge accepted’: How Micah Parsons used a Cowboys loss as inspiration for game-changing play
October 25, 2022 | msn.com
Cuoco's Rift With Parsons Changes How You See Big Bang Theory's Ending
October 25, 2022 | msn.com
Jim Parsons & Iain Armitage, Who Both Play Sheldon In ‘Big Bang Theory’ Shows, Finally Meet In NYC: See Photo
October 19, 2022 | globenewswire.com
NOAA Awards Parsons Team $16 Million Contract For Polar Operational Environmental Satellites Operations - GlobeNewswire
October 19, 2022 | finance.yahoo.com
NOAA Awards Parsons Team $16 Million Contract For Polar Operational Environmental Satellites Operations
October 18, 2022 | cowboyswire.usatoday.com
Parsons: 'We let them down today', defense to blame for Cowboys loss - Cowboys Wire
October 17, 2022 | globenewswire.com
Parsons Serves as Lead Designer for New American Legion Bridge I-270 Traffic Relief Plan - GlobeNewswire
October 17, 2022 | finance.yahoo.com
Parsons Serves as Lead Designer for New American Legion Bridge I-270 Traffic Relief Plan
October 15, 2022 | theeagleswire.usatoday.com
Eagles-Cowboys: 4 keys to Philadelphia containing Micah Parsons - Eagles Wire
October 14, 2022 | nypost.com
Michelle Beadle, Shams Charania, Chandler Parsons launching FanDuel show - New York Post
October 12, 2022 | foxnews.com
'Big Bang Theory's' Jim Parsons was ready to fight for Mayim Bialik: 'Almost never disagreed with the writers' - Fox News
October 10, 2022 | nittanylionswire.usatoday.com
Saquon Barkley and Micah Parsons generated plenty of Twitter reactions in NFL's Week 5 - Nittany Lions Wire
October 9, 2022 | cowboyswire.usatoday.com
Cowboys' Parsons playing through groin injury vs Rams - Cowboys Wire
October 6, 2022 | benzinga.com
Parsons to Announce Third Quarter 2022 Financial Results on November 2, 2022 - Parsons Corp (NYSE:PSN) - Benzinga
See More Headlines
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PSN Company Calendar

Last Earnings
11/02/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Computer integrated systems design
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:PSN
CUSIP
N/A
CIK
275880
Web
www.parsons.com
Phone
(703) 988-8500
Fax
N/A
Employees
15,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
-2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.89
Trailing P/E Ratio
54.36
Forward P/E Ratio
29.14
P/E Growth
2.4
Net Income
$64.07 million
Net Margins
2.41%
Pretax Margin
3.94%
Return on Equity
8.98%
Return on Assets
4.45%

Debt

Debt-to-Equity Ratio
0.35
Current Ratio
1.40
Quick Ratio
1.40

Sales & Book Value

Annual Sales
$3.66 billion
Price / Sales
1.37
Cash Flow
$2.92 per share
Price / Cash Flow
16.56
Book Value
$18.94 per share
Price / Book
2.55

Miscellaneous

Outstanding Shares
103,503,000
Free Float
102,778,000
Market Cap
$5.01 billion
Optionable
Not Optionable
Beta
0.88

Key Executives

  • Ms. Carey A. SmithMs. Carey A. Smith (Age 58)
    Pres, CEO & Chairwoman
    Comp: $1.45M
  • Mr. Michael R. Kolloway (Age 61)
    Chief Legal Officer & Sec.
    Comp: $768.26k
  • Mr. Matt Ofilos
    Chief Financial Officer
  • Ms. Wendy Van Wickle
    Chief Bus. Operations Officer
  • Mr. Ricardo Lorenzo
    Chief Technology Officer
  • Mr. Scott Carl
    Chief Information Officer
  • Mr. David Spille
    VP of Investor Relations
  • Mr. Jason Yaley
    Chief Communications Officer
  • Ms. Susan M. Balaguer (Age 53)
    Chief HR Officer
  • Mr. James R. Shappell
    Vice Chairman, Managing Director of Saudi Arabian Parsons Ltd. and Saudi Arabia Country Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 2023?

7 Wall Street research analysts have issued 1 year price objectives for Parsons' shares. Their PSN share price forecasts range from $39.00 to $55.00. On average, they anticipate the company's share price to reach $47.00 in the next year. This suggests that the stock has a possible downside of 2.9%.
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 on January 1st, 2022. Since then, PSN shares have increased by 43.8% and is now trading at $48.38.
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, February 22nd 2023.
View our PSN earnings forecast.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) issued its quarterly earnings data on Wednesday, November, 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Parsons had a trailing twelve-month return on equity of 8.98% and a net margin of 2.41%.

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

Parsons issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.05 billion-$4.20 billion, compared to the consensus revenue estimate of $4.05 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 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 a number of institutional and retail investors. Top institutional investors include Newport Trust Co (61.98%), Vanguard Group Inc. (3.22%), Mackenzie Financial Corp (3.02%), Dimensional Fund Advisors LP (1.06%), Lord Abbett & CO. LLC (0.99%) and Allspring Global Investments Holdings LLC (0.96%). 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 $48.38.

How much money does Parsons make?

Parsons (NYSE:PSN) has a market capitalization of $5.01 billion and generates $3.66 billion in revenue each year. The company earns $64.07 million in net income (profit) each year or $0.89 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 11/29/2022 by MarketBeat.com Staff