Should I buy or sell Parsons stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSN shares. View PSN analyst ratings or view top-rated stocks .

What is Parsons' stock price target for 2024?

9 brokerages have issued 1-year price targets for Parsons' stock. Their PSN share price targets range from $65.00 to $100.00. On average, they expect the company's stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price. View analysts price targets for PSN or view top-rated stocks among Wall Street analysts .

How have PSN shares performed in 2024?

Parsons' stock was trading at $62.71 at the beginning of the year. Since then, PSN shares have increased by 23.5% and is now trading at $77.47. View the best growth stocks for 2024 here .

When is Parsons' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our PSN earnings forecast .

How can I listen to Parsons' earnings call?

Parsons will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) issued its quarterly earnings results on Wednesday, February, 14th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.33 billion. Parsons had a net margin of 2.96% and a trailing twelve-month return on equity of 10.32%. The business's revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS.

What ETFs hold Parsons' stock?

ETFs with the largest weight of Parsons (NYSE:PSN) stock in their portfolio include VictoryShares Protect America ETF (SHLD) , SPDR S&P Kensho Intelligent Structures ETF (SIMS) , First Trust Indxx Aerospace & Defense ETF (MISL) , Amplify Cybersecurity ETF (HACK) , SPDR Kensho Future Security ETF (FITE) , AlphaMark Actively Managed Small Cap ETF (SMCP) , Hypatia Women CEO ETF (WCEO) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) .

What guidance has Parsons issued on next quarter's earnings?

Parsons issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.8 billion-$6.0 billion, compared to the consensus revenue estimate of $5.6 billion.

What other stocks do shareholders of Parsons own?

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

When did Parsons IPO?

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.

Who are Parsons' major shareholders?

Parsons' stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.54%), Hennessy Advisors Inc. (0.41%), CHURCHILL MANAGEMENT Corp (0.06%), Seaside Wealth Management Inc. (0.01%), Sunburst Financial Group LLC (0.01%) and AlphaMark Advisors LLC (0.00%). Insiders that own company stock include Carey A Smith , George L Ball , Harry T Mcmahon 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 .

NYSE:PSN

Parsons (PSN) Stock Price, News & Analysis

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Free PSN Stock Alerts

$77.47

-0.33 (-0.42%)

(As of 04/19/2024 ET)

Compare

Today's Range: $77.14
▼
$77.89
50-Day Range: $67.45
▼
$84.28
52-Week Range: $42.22
▼
$85.44

Volume: 691,306 shs
Average Volume: 903,641 shs
Market Capitalization: $8.20 billion

P/E Ratio: 54.56
Dividend Yield: N/A
Price Target: $79.00

Get Parsons alerts:

Parsons MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 2.0% Upside
$79.00 Price Target
Short Interest: Healthy
4.00% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.08
Based on 27 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.69%
From $2.55 to $2.95 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.78 out of 5 stars

Business Services Sector

165th out of 305 stocks

Computer Integrated Systems Design Industry

13th out of 34 stocks

2.4

Analyst's Opinion

Consensus Rating
Parsons has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 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.

3.0

Short Interest

Percentage of Shares Shorted
4.00% 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 4.4.
Change versus previous month
Short interest in Parsons has recently decreased by 3.20%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Parsons does not currently pay a dividend.
Dividend Growth
Parsons does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PSN.

1.7

News and Social Media Coverage

News Sentiment
Parsons has a news sentiment score of 0.08. 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 0.50 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 27 news articles for Parsons this week, compared to 19 articles on an average week.
Search Interest
Only 14 people have searched for PSN on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
Only 17 people have added Parsons to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days.

3.3

Company Ownership

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Parsons are expected to grow by 15.69% in the coming year, from $2.55 to $2.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Parsons is 54.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parsons is 54.56, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 16.88.
Price to Earnings Growth Ratio
Parsons has a PEG Ratio of 3.52. 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 3.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Parsons Stock (NYSE:PSN)

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.

PSN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PSN Stock News Headlines

April 19, 2024 | msn.com

Darkest Dungeon II Coming to PlayStation 4, 5 This Summer

April 19, 2024 | dallasnews.com

Watch: Cowboys’ Micah Parsons tests endurance, trades gut punches with boxer in workout

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

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April 18, 2024 | msn.com

Watch: Cowboys star Micah Parsons tries to trade punches with professional fighter

April 18, 2024 | msn.com

Could the Bucs steal the next Micah Parsons in the 1st round?

April 18, 2024 | msn.com

Watch Dallas Cowboys star Micah Parsons trade punches with a professional fighter

April 17, 2024 | msn.com

Dallas Cowboys' Micah Parsons Missing at The Star; Better Off Working on His Own?

April 17, 2024 | americanbankingnews.com

Parsons (NYSE:PSN) Price Target Raised to $81.00 at The Goldman Sachs Group

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

April 16, 2024 | msn.com

Report: Micah Parsons’ decision to skip voluntary workouts not about contract

April 16, 2024 | cowboyswire.usatoday.com

Report: Micah Parsons' absence from Cowboys workouts not contract-related

April 16, 2024 | msn.com

Micah Parsons’ decision to skip start of Cowboys’ offseason workouts is not about money

April 16, 2024 | sports.yahoo.com

Parsons, Lamb not at voluntary offseason workout

April 16, 2024 | nj.com

Kisselbach and Parsons combine to lead P-burg to shutout over Warren Hills - Baseball recap

April 15, 2024 | cowboyswire.usatoday.com

Micah Parsons also skips first day of Cowboys' offseason work

April 15, 2024 | msn.com

Cowboys Superstar LB Micah Parsons Is Begging His Coaches To Let Him Play A New Position

April 15, 2024 | msn.com

Cowboys’ Micah Parsons Floats Idea of His Returning Kickoffs

April 15, 2024 | msn.com

Micah Parsons not at Cowboys’ first day of voluntary offseason work

April 15, 2024 | globenewswire.com

Parsons Selected to Design the Future Newark Bay Bridge, Advancing Transportation throughout New Jersey

April 14, 2024 | msn.com

Columbus police release photo of person suspected of killing man at Parsons Avenue bus stop

April 14, 2024 | msn.com

‘The Big Bang Theory’ Star Jim Parsons Agrees That Michael Keaton Would Make A Great Older Sheldon

April 13, 2024 | msn.com

Big Bang Theory's Jim Parsons responds to fan spin-off request

April 13, 2024 | msn.com

Cowboys assistant makes a potentially too-bold claim about Micah Parsons

April 13, 2024 | msn.com

Cowboys special teams coordinator would 'love' to see Micah Parsons return kickoffs

April 12, 2024 | msn.com

Alleged 'bicycle bandit' Kym Parsons, who is accused of 10 bank robberies, pleads not guilty

April 12, 2024 | msn.com

Would the Dallas Cowboys trade Micah Parsons to an NFC East rival? Who? Why?

April 11, 2024 | finance.yahoo.com

Parsons to Support Clients in Addressing PFAS and Achieving EPA’s National PFAS Drinking Water Regulations

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Computer integrated systems design
Sub-Industry: N/A
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: $79.00
High Stock Price Target: $100.00
Low Stock Price Target: $65.00
Potential Upside/Downside: +2.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.42
Trailing P/E Ratio: 54.56
Forward P/E Ratio: 30.38
P/E Growth: 3.52
Net Income: $161.15 million
Net Margins: 2.96%
Pretax Margin: 4.85%
Return on Equity: 10.32%
Return on Assets: 5.04%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 1.51
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $5.44 billion
Price / Sales: 1.51
Cash Flow: $3.33 per share
Price / Cash Flow: 23.29
Book Value: $22.66 per share
Price / Book: 3.42

Miscellaneous

Outstanding Shares: 105,830,000
Free Float: 46,565,000
Market Cap: $8.20 billion
Optionable: Not Optionable
Beta: 0.85

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Key Executives

Ms. Carey A. Smith (Age 60)
President, CEO & Chairwoman
Comp: $3.36M
Mr. Matthew M. Ofilos (Age 44)
Chief Financial Officer
Comp: $1.43M
Mr. Michael R. Kolloway (Age 63)
Chief Legal Officer & Secretary
Comp: $1.3M
Ms. Susan M. Balaguer (Age 55)
Chief Human Resources Officer
Comp: $1.11M
Ms. Wendy Van Wickle
Chief Business Operations Officer
Mr. Ricardo Lorenzo
Chief Technology Officer
Mr. David Spille
Senior Vice President of Investor Relations
Mr. Jason Yaley
Chief Communications Officer
Mr. Pierre Santoni
President of Infrastructure EMEA
Ms. Dana Turturro
Senior Vice President of Talent Acquisition

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PSN Stock Analysis - Frequently Asked Questions

Should I buy or sell Parsons stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSN shares.
View PSN analyst ratings or view top-rated stocks.
What is Parsons' stock price target for 2024?: 9 brokerages have issued 1-year price targets for Parsons' stock. Their PSN share price targets range from $65.00 to $100.00. On average, they expect the company's stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for PSN or view top-rated stocks among Wall Street analysts.
How have PSN shares performed in 2024?: Parsons' stock was trading at $62.71 at the beginning of the year. Since then, PSN shares have increased by 23.5% and is now trading at $77.47.
View the best growth stocks for 2024 here.
When is Parsons' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PSN earnings forecast.
How can I listen to Parsons' earnings call?: Parsons will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Parsons' earnings last quarter?: Parsons Co. (NYSE:PSN) issued its quarterly earnings results on Wednesday, February, 14th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.33 billion. Parsons had a net margin of 2.96% and a trailing twelve-month return on equity of 10.32%. The business's revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS.

What ETFs hold Parsons' stock?: ETFs with the largest weight of Parsons (NYSE:PSN) stock in their portfolio include VictoryShares Protect America ETF (SHLD), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Indxx Aerospace & Defense ETF (MISL), Amplify Cybersecurity ETF (HACK), SPDR Kensho Future Security ETF (FITE), AlphaMark Actively Managed Small Cap ETF (SMCP), Hypatia Women CEO ETF (WCEO) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).
What guidance has Parsons issued on next quarter's earnings?: Parsons issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.8 billion-$6.0 billion, compared to the consensus revenue estimate of $5.6 billion.
What other stocks do shareholders of Parsons own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Parsons investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Marvell Technology (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).
When did Parsons IPO?: 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.
Who are Parsons' major shareholders?: Parsons' stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.54%), Hennessy Advisors Inc. (0.41%), CHURCHILL MANAGEMENT Corp (0.06%), Seaside Wealth Management Inc. (0.01%), Sunburst Financial Group LLC (0.01%) and AlphaMark Advisors LLC (0.00%). Insiders that own company stock include Carey A Smith, George L Ball, Harry T Mcmahon 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.

This page (NYSE:PSN) was last updated on 4/19/2024 by MarketBeat.com Staff

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Parsons (PSN) Stock Price, News & Analysis

Parsons MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Parsons Stock (NYSE:PSN)

PSN Stock Price History

PSN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

PSN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™