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NYSE:PSN

Parsons (PSN) Stock Price, News & Analysis

Parsons logo
$95.29 +0.87 (+0.92%)
(As of 11/20/2024 ET)

About Parsons Stock (NYSE:PSN)

Key Stats

Today's Range
$93.23
$95.36
50-Day Range
$94.24
$113.40
52-Week Range
$61.10
$114.68
Volume
761,071 shs
Average Volume
905,661 shs
Market Capitalization
$10.12 billion
P/E Ratio
144.38
Dividend Yield
N/A
Price Target
$104.88
Consensus Rating
Moderate Buy

Company Overview

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. Department of Defense, including military services; Missile Defense Agency, the Department of Energy; the Department of State; the Department of Homeland Security, and the Federal Aviation Administration. The Critical Infrastructure segment provides management, design, and engineering services, as well as offers leveraging sensor solutions. This segment develops digital solutions for next generation aviation, rail and transit, bridges, roads, and highways; and provides water and wastewater treatment systems; AI/ML, and digital twin and cyber systems integration services; planning, engineering, and management services for infrastructure, including bridges and tunnels, roads and highways, water and wastewater, and dams and reservoirs. Parsons Corporation was founded in 1944 and is headquartered in Chantilly, Virginia.

Parsons Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
68th Percentile Overall Score

PSN MarketRank™: 

Parsons scored higher than 68% of companies evaluated by MarketBeat, and ranked 124th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Parsons has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Parsons has only been the subject of 3 research reports in the past 90 days.

  • Read more about Parsons' stock forecast and price target.
  • Earnings Growth

    Earnings for Parsons are expected to grow by 19.87% in the coming year, from $3.02 to $3.62 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Parsons is 144.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.16.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Parsons is 144.38, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 46.32.

  • Price to Earnings Growth Ratio

    Parsons has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Parsons has a P/B Ratio of 4.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Parsons' valuation and earnings.
  • Percentage of Shares Shorted

    2.55% of the outstanding shares of Parsons have been sold short.
  • Short Interest Ratio / Days to Cover

    Parsons has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Parsons has recently decreased by 12.86%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Parsons does not currently pay a dividend.

  • Dividend Growth

    Parsons does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.55% of the outstanding shares of Parsons have been sold short.
  • Short Interest Ratio / Days to Cover

    Parsons has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Parsons has recently decreased by 12.86%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Parsons has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Parsons this week, compared to 17 articles on an average week.
  • Search Interest

    15 people have searched for PSN on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added Parsons to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Parsons insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    56.00% of the stock of Parsons is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    98.02% of the stock of Parsons is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Parsons' insider trading history.
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PSN Stock Analysis - Frequently Asked Questions

Parsons' stock was trading at $62.71 at the start of the year. Since then, PSN stock has increased by 52.0% and is now trading at $95.29.
View the best growth stocks for 2024 here
.

Parsons Co. (NYSE:PSN) released its earnings results on Wednesday, October, 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.63 billion. Parsons had a net margin of 1.21% and a trailing twelve-month return on equity of 12.74%.

Parsons (PSN) raised $500 million in an initial public offering on Wednesday, May 8th 2019. The company issued 18,500,000 shares at $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.

Parsons' top institutional investors include State Street Corp (1.54%), Principal Financial Group Inc. (0.81%), Allspring Global Investments Holdings LLC (1.06%) and Geode Capital Management LLC (0.73%). Insiders that own company stock include George L Ball, Carey A Smith and Michael Richard Kolloway.
View institutional ownership trends
.

Shares of PSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Parsons investors own include NVIDIA (NVDA), Meta Platforms (META), Humana (HUM), Broadcom (AVGO), Advanced Micro Devices (AMD), American Water Works (AWK) and Adobe (ADBE).

Company Calendar

Last Earnings
10/30/2024
Today
11/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/12/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Computer Software
Fax
N/A
Employees
18,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$104.88
High Stock Price Target
$125.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$161.15 million
Pretax Margin
2.44%

Debt

Sales & Book Value

Annual Sales
$5.44 billion
Cash Flow
$3.30 per share
Book Value
$22.66 per share

Miscellaneous

Free Float
46,724,000
Market Cap
$10.12 billion
Optionable
Not Optionable
Beta
0.80
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This page (NYSE:PSN) was last updated on 11/21/2024 by MarketBeat.com Staff
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