Parsons Stock Forecast, Price & News NYSE:PSN

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Parsons Corp Company Profile

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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. Since then, PSN stock has increased by 20.1% and is now trading at $55.54. Q Financial Highlights Record quarterly revenue of $1.2 billion, representing a 24% increase year-over-year Record quarterly organic revenue growth of 12% driven by strength in both segments Rec… Q Financial Highlights Record revenue of $1.4 billion increases 34% year-over-year Record organic revenue growth of 23% driven by record organic growth in both segments Significant second quarte…

Parsons Acquires Sealing Technologies, Inc.

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Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia. Parsons Corp. engages in the provision of engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. It delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. It operates through the Federal Solutions and Critical Infrastructure segments.

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The Critical Infrastructure segment offers integrated design and engineering services for complex physical and digital infrastructure around the globe. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Centreville, VA. Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. 8 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Parsons in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock.

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Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. A thumbnail of a daily chart is provided, with a https://1investing.in/ link to open and customize a full-sized chart. The Barchart Technical Opinion rating is a 88% Buy with a Average short term outlook on maintaining the current direction. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

• PSN’s beta can be found in Trading Information at the top of this page.
• 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.
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  to compare the relationship between a stock’s price and how it rewards stockholders through dividends.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Parsons and its competitors with MarketBeat’s FREE daily newsletter. Compare
PSN’s historical performance
against its industry peers and the overall market.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. On average, they predict the company’s share price to reach $54.11 in the next year. View analysts price targets for PSN or view top-rated stocks among Wall Street analysts. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

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Parsons issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company issued revenue guidance of $4.85 billion-$5.05 billion, compared to the consensus revenue estimate of $4.65 billion. CENTREVILLE, Va., April 25, 2023 (GLOBE NEWSWIRE) — Parsons Corporation, a leader in national security and global infrastructure, announced today that the company has been listed on Forbes’ Best Empl…

Defense technology company Parsons Corp. set terms for its planned initial public offering on Monday, saying it plans to offer 18.5 million shares priced at $26 to $28 each. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Insiders in many companies have been furiously dumping stock over the last month, but there are exceptions.

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. 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.