What Analysts Are Saying About Parsons Corp Stock

In the latest quarter, 9 analysts provided ratings for Parsons Corp PSN, showcasing a mix of bullish and bearish perspectives.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $83.89, a high estimate of $100.00, and a low estimate of $68.00. This upward trend is apparent, with the current average reflecting a 8.95% increase from the previous average price target of $77.00.

Interpreting Analyst Ratings: A Closer Look

The perception of Parsons Corp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Parsons Corp. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Parsons Corp compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Parsons Corp's stock. This examination reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Parsons Corp's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Parsons Corp analyst ratings.

Delving into Parsons Corp's Background

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. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

A Deep Dive into Parsons Corp's Financials

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: Parsons Corp displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 35.46%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.

Net Margin: Parsons Corp's net margin excels beyond industry benchmarks, reaching 3.01%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Parsons Corp's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.01%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Parsons Corp's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.94%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Parsons Corp's debt-to-equity ratio is below the industry average. With a ratio of 0.41, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.