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.

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.