Parsons - PSN Stock Forecast, Price & News

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.