Parsons (NYSE:PSN - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Parsons to post earnings of $0.91 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Parsons Price Performance
Shares of NYSE PSN traded down $0.71 during trading hours on Wednesday, reaching $77.43. 1,145,263 shares of the stock traded hands, compared to its average volume of 1,377,842. The company's 50-day simple moving average is $92.18 and its two-hundred day simple moving average is $96.26. The company has a market capitalization of $8.22 billion, a P/E ratio of 117.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.73. Parsons has a 52-week low of $64.90 and a 52-week high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PSN. William Blair cut shares of Parsons from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Parsons from a "neutral" rating to a "buy" rating and raised their price objective for the company from $103.00 to $111.00 in a research note on Thursday, December 12th. Raymond James lowered Parsons from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. KeyCorp lowered their price objective on Parsons from $122.00 to $102.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen decreased their target price on shares of Parsons from $117.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.33.
Check Out Our Latest Research Report on Parsons
Parsons Company Profile
(
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Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.
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