Parsons (PSN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $97.56 to $99.61
• 50-Day Range: $76.47 to $98.21
• 52-Week Range: $53.56 to $100.08
• Volume: 948,876 shs
• Average Volume: 868,114 shs
• Market Capitalization: $14.35 billion
• P/E Ratio: 543.31
• Dividend Yield: N/A
• Price Target: $94.67
• Consensus Rating: Buy

Parsons Stock Analysis - MarketRank™

Parsons scored higher than 67% of companies evaluated by MarketBeat, and ranked 141st out of 351 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Parsons has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Parsons has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 13.89%

Earnings Growth

Earnings for Parsons are expected to grow by 13.89% in the coming year, from $2.88 to $3.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Parsons is 543.31, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Parsons is 543.31, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 42.55.

Price to Earnings Growth Ratio

Parsons has a PEG Ratio of 2.06. 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 4.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.55% 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 2.6, 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 19.15%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Parsons does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.55% 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 2.6, 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 19.15%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.17

News Sentiment

Parsons has a news sentiment score of 0.17. 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 0.67 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for Parsons this week, compared to 19 articles on an average week.

Search Interest

5 people have searched for PSN on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Parsons to their MarketBeat watchlist in the last 30 days. This is a decrease of -87% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

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.

PSN Stock Analysis - Frequently Asked Questions

How have PSN shares performed this year?

Parsons' stock was trading at $62.71 at the start of the year. Since then, PSN shares have increased by 55.9% and is now trading at $97.79.
View the best growth stocks for 2024 here.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) announced its earnings results on Wednesday, July, 31st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.18. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.53 billion. Parsons had a net margin of 0.89% and a trailing twelve-month return on equity of 12.09%.

When did Parsons IPO?

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

Who are Parsons' major shareholders?

Parsons' top institutional shareholders include Newport Trust Company LLC (38.34%), Earnest Partners LLC (2.04%), Mackenzie Financial Corp (1.67%) and Dimensional Fund Advisors LP (0.82%). Insiders that own company stock include George L Ball, Carey A Smith and Michael Richard Kolloway.
View institutional ownership trends.

How do I buy shares of Parsons?

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.

What other stocks do shareholders of Parsons own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Parsons investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS) and Marvell Technology (MRVL).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Computer integrated systems design
• Sub-Industry: Computer Software
• Current Symbol: NYSE:PSN
• CUSIP: N/A
• CIK: 275880
• Web: www.parsons.com
• Phone: (703) 988-8500
• Fax: N/A
• Employees: 18,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $94.67
• High Stock Price Target: $108.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: -3.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.18
• Trailing P/E Ratio: 543.31
• Forward P/E Ratio: 33.95
• P/E Growth: 2.06
• Net Income: $161.15 million
• Net Margins: 0.89%
• Pretax Margin: 2.06%
• Return on Equity: 12.09%
• Return on Assets: 5.59%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 1.80
• Quick Ratio: 1.80

Sales & Book Value

• Annual Sales: $6.12 billion
• Price / Sales: 2.35
• Cash Flow: $3.46 per share
• Price / Cash Flow: 28.30
• Book Value: $22.66 per share
• Price / Book: 4.32

Miscellaneous

• Outstanding Shares: 146,748,000
• Free Float: 64,569,000
• Market Cap: $14.35 billion
• Optionable: Not Optionable
• Beta: 0.80