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NYSE:PSN

Parsons - PSN Stock Forecast, Price & News

$42.82
-0.15 (-0.35%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$42.53
$43.17
50-Day Range
$36.67
$43.65
52-Week Range
$29.25
$43.84
Volume
260,225 shs
Average Volume
438,907 shs
Market Capitalization
$4.43 billion
P/E Ratio
53.53
Dividend Yield
N/A
Price Target
$42.00

Parsons MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
1.9% Downside
$42.00 Price Target
Short Interest
Bearish
3.23% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of Parsons in the last 14 days
Based on 5 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.

1.92 out of 5 stars

Business Services Sector

256th out of 344 stocks

Computer Integrated Systems Design Industry

30th out of 41 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.

Parsons Price Performance

PSN opened at $42.97 on Wednesday. The stock has a 50-day moving average price of $40.56 and a 200-day moving average price of $37.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $4.45 billion, a PE ratio of 53.71, a P/E/G ratio of 2.14 and a beta of 0.83. Parsons has a 1 year low of $29.25 and a 1 year high of $43.84.

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 firm had revenue of $1.01 billion during 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%. Parsons's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Sell-side analysts predict that Parsons will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Parsons news, CFO George L. Ball acquired 70,000 shares of Parsons stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average cost of $41.50 per share, for a total transaction of $2,905,000.00. Following the acquisition, the chief financial officer now owns 122,857 shares of the company's stock, valued at $5,098,565.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

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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
8/17/2022
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
-1.9%
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
$2.92 per share
Book Value
$18.97 per share

Miscellaneous

Free Float
102,837,000
Market Cap
$4.43 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 1-year price targets for Parsons' shares. Their PSN share price forecasts range from $39.00 to $46.00. On average, they predict the company's share price to reach $42.00 in the next year. 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 on January 1st, 2022. 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) released its earnings results on Wednesday, August, 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The business earned $1.01 billion during the quarter, compared to analysts' expectations of $930.97 million. Parsons had a trailing twelve-month return on equity of 9.05% and a net margin of 2.26%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS.

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

Parsons issued an update on 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 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 variety of institutional and retail investors. Top institutional shareholders 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 8/17/2022 by MarketBeat.com Staff

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