In the last three months, 8 analysts have published ratings on Parsons Corp (NYSE:PSN), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 2 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $88.75, with a high estimate of $100.00 and a low estimate of $68.00. Witnessing a positive shift, the current average has risen by 6.2% from the previous average price target of $83.57.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Parsons Corp is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bert Subin | Stifel | Raises | Buy | $97.00 | $95.00 |
| Cai von Rumohr | TD Cowen | Raises | Buy | $90.00 | $77.00 |
| Andrew Wittmann | Baird | Raises | Outperform | $89.00 | $85.00 |
| Brian Gesuale | Raymond James | Raises | Strong Buy | $95.00 | $82.00 |
| Sangita Jain | Keybanc | Raises | Overweight | $90.00 | $89.00 |
| Gavin Parsons | Goldman Sachs | Raises | Neutral | $81.00 | $73.00 |
| Tobey Sommer | Truist Securities | Raises | Buy | $100.00 | $84.00 |
| Josh Sullivan | Benchmark | Maintains | Buy | $68.00 | - |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Parsons Corp compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Parsons Corp's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Parsons Corp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Parsons Corp analyst ratings.
Get to Know Parsons Corp Better
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.
Parsons Corp's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Parsons Corp showcased positive performance, achieving a revenue growth rate of 30.87% as of 31 March, 2024. This reflects a substantial 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 lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -6.99%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.84%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Parsons Corp's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.17%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Parsons Corp's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.