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

A number of brokerages recently weighed in on PSN. TheStreet raised shares of Parsons from a "c+" rating to a "b-" rating in a research report on Tuesday, July 19th. The Goldman Sachs Group upped their price target on shares of Parsons from $35.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 14th. Raymond James upped their price target on shares of Parsons from $43.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th. Benchmark boosted their price objective on shares of Parsons to $46.00 in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Parsons from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Thursday, August 4th. Five 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.00.

Parsons Stock Performance

PSN traded up $0.99 on Friday, hitting $42.64. 260,494 shares of the company's stock were exchanged, compared to its average volume of 441,919. The firm has a market cap of $4.42 billion, a PE ratio of 53.25, a P/E/G ratio of 2.13 and a beta of 0.83. Parsons has a twelve month low of $29.25 and a twelve month high of $43.84. The stock has a fifty day moving average of $40.46 and a two-hundred day moving average of $37.64. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.40.

Parsons (NYSE:PSN - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $930.97 million. Parsons had a net margin of 2.26% and a return on equity of 9.05%. Parsons's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, research analysts anticipate that Parsons will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

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