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. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Parsons’ stock was trading at $46.25 at the start of the year.
Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.Click here for more on how to use these ratings. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Special Replay for The A.I. Predictive Power EventIf you missed The A.I. Predictive Power Event… don’t worry, for a limited time, we’ve made a replay available to the public.
Is It Too Late To Consider Buying Parsons Corporation (NYSE:PSN)? – Simply Wall St
Is It Too Late To Consider Buying Parsons Corporation (NYSE:PSN)?.
Posted: Thu, 15 Dec 2022 08:00:00 GMT [source]
If you’re at or near retirement age, you don’t want to miss this… An-E’s predictions could help you make up any money you may have lost during the past 18 months and then some. During the event, we even reveal An-E’s predictions of the stock prices of TSLA, NVDA, and AAPL for FREE. 3.22% of the outstanding shares of Parsons have been sold short. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
Latest PSN News | Press Releases
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. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares.
- Raised $500 million in an initial public offering on Wednesday, May 8th 2019.
- Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market.
- This suggests a possible upside of 12.5% from the stock’s current price.
- A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSN, but not buy additional shares or sell existing shares.
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. The company’s average rating score is 2.14, and is based on 3 buy ratings, 2 hold ratings, and 2 sell ratings. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares.
Since then, PSN stock has decreased by 5.6% and is now trading at $43.68. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
Parsons started at outperform with $43 stock price target at Raymond James
Provide specific products and services to you, such as portfolio management or data aggregation. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Parsons Corp. Stock: Growth Likely To Decelerate (NYSE:PSN) – Seeking Alpha
Parsons Corp. Stock: Growth Likely To Decelerate (NYSE:PSN).
Posted: Wed, 01 Feb 2023 08:00:00 GMT [source]
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Earnings for Parsons are expected to grow by 10.36% in the coming year, from $1.93 to $2.13 per share. In the past three months, Parsons insiders have not sold or bought any company stock.
All values as of most recently reported quarter unless otherwise noted. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. One share of PSN stock can currently be purchased for approximately $43.68.
Dow Jones Network
PXG President and Executive Creative Director Renee Parsons shares her favorite golf gear and—more importantly—apres-golf must-haves. Forbes’ Steve Bertoni sits down with Thoughtworks CTO Rebecca Parsons to talk about trends in the tech space, where the next “killer app” could come from, and the importance of cybersecurity. Here are the most important dos and don’ts of using AI tools to help generate your business and professional blog content. By Yasin Ebrahim Investing.com – The pound gave up some gains Monday as a report about a lack of progress on post-Brexit talks cooled renewed investor optimism that a deal can still be… NA1.03T Rowe Price Small Cap Value Fund1.01Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
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. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Represents the company’s profit divided by the outstanding shares of its common stock. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.
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. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.
The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Real-time analyst ratings, insider transactions, earnings data, and more.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Parsons issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of for the period.
On average, they predict the company’s share price to reach $49.13 in the next twelve months. This suggests a possible upside of 12.5% from the stock’s current price. View analysts price targets for PSN or view top-rated stocks among Wall Street analysts. Parsons Corp share price live 43.50, this page displays NYSE PSN stock exchange data. View the PSN premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Parsons Corp real time stock price chart below.
Research & Ratings Parsons Corp.(PSN)
“The Parsons team is doing amazing work for Chemours to help manage several projects in the Cape Fear River Basin,” said Peter Torrellas, president, Connected Communities business unit for Parsons. “This work is improving the communities where we operate, and I am proud that we are enhancing our positive environmental impact with the addition of electric vehicles to our fleet.” The fleet of electric trucks will be used by Parsons’ employees, who in the last two years, have driven over 2.5 million miles around Fayetteville and Wilmington for the Chemours programs, collecting thousands of residential drinking water samples for assessment and replacement. By leveraging their qualifications to deliver fleet electrification and zero emission vehicle charging stations, Parsons is significantly reducing the impact to the environment as they continue this work. Parsons doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
According to 6 analysts, the average rating for PSN stock is “Hold.” The 12-month stock price forecast is $48.67, which is an increase of 11.89% from the latest price. Kiora Pharmaceuticals, Inc. , today reported its financial results for the quarter and year ended December 31, 2021 and provided an update on recent corporate and operational… Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price.
You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the PSN quote. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
News and Social Media Coverage
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.
A https://1investing.in/ rating indicates that analysts believe investors should maintain any existing positions they have in PSN, but not buy additional shares or sell existing shares. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligen… 7 brokerages have issued twelve-month price objectives for Parsons’ shares.
Measures how much net income or profit is generated as a percentage of revenue.
- PXG President and Executive Creative Director Renee Parsons shares her favorite golf gear and—more importantly—apres-golf must-haves.
- One share of PSN stock can currently be purchased for approximately $43.68.
- The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments.
- It operates through two segments, Federal Solutions and Critical Infrastructure.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Our Quantitative Research team models direct competitors or comparable companies from a bottom-up perspective to find companies describing their business in a similar fashion. This transition is evidence of the company’s environmental sustainability commitment, which includes dedicating the resources, planning, and effort to their clients and public agencies to help them meet their fleet transition goals. In addition to the EV transformation, Chemours invested in smart fleet management software that enables Parsons’ drivers to optimize routes and minimize miles driven. This not only impacts overall emissions but improves safety by reducing time spent behind the wheel.