Raymond James downgraded Parsons from Strong Buy to Outperform and set a new price target of $115.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | Outperform → Mkt Perform | William Blair | |
| 2/21/2025 | $105.00 | Buy → Hold | TD Cowen |
| 2/18/2025 | Mkt Perform → Outperform | William Blair | |
| 1/23/2025 | Outperform → Mkt Perform | William Blair | |
| 1/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 12/12/2024 | $103.00 → $111.00 | Neutral → Buy | Goldman |
| 10/23/2024 | $115.00 | Strong Buy → Outperform | Raymond James |
| 5/3/2024 | $77.00 → $90.00 | Hold → Buy | TD Cowen |
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was named the 8th Most Trusted Company in America 2025 according to Forbes' listing of the Most Trusted Companies in America. Created in partnership with research companies HundredX, Signal AI and Glassdoor, Forbes' list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust, and media sentiment. More than 2,000 public companies based in the United States were eligible. Parsons is the only member of its peer group in the top 10. "Every day, our more than 19,000 global employees extend the company's outstanding 80-year history of excellence, innovation,
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program. "We are proud to call the RCRC a long-standing client of ours and are honored to be working on the Main and Ring Roads Program alongside them," said Martin Boson, Senior Vice President and General Manager of Parsons' Saudi Arabian operations. "With Riyadh being the most populated city in Saudi Arabia, the Program plays a fundamental role in facilitating the smooth mobility of people a
CHANTILLY, Va., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants (RMTC), along with Egis and SYSTRA, providing project and construction management on two of the Royal Commission for Riyadh City's (RCRC) Riyadh Metro contracts which Parsons has now successfully delivered. "From its inception, the Riyadh Metro was conceived as a transformative project to reshape urban mobility and dramatically improve the lives of residents and visitors
William Blair downgraded Parsons from Outperform to Mkt Perform
TD Cowen downgraded Parsons from Buy to Hold and set a new price target of $105.00
William Blair upgraded Parsons from Mkt Perform to Outperform
Fourth Quarter Financial Highlights Record revenue of $1.7 billion increases 16% year-over-yearOrganic revenue growth of 14%; eighth consecutive quarter of double-digit organic growthRecord net income of $54 million increases 21%Record adjusted EBITDA of $147 million increases 14%Cash flow from operations of $127 millionRecord contract awards increase 34% year-over-year to $1.7 billion Record Fiscal Year 2024 Highlights Record revenue of $6.8 billion, representing total growth of 24% year-over-year and organic growth of 22%Record net income of $235 million increases 46%Record adjusted EBITDA of $605 million increases 30%Record cash flow from operations increases 28% to $524 millionRecord
CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediati
CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025. This contract was noted as pending during the company's third quarter 2024 earnings conference call. About Parsons Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to lea
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
Fourth Quarter Financial Highlights Record revenue of $1.7 billion increases 16% year-over-yearOrganic revenue growth of 14%; eighth consecutive quarter of double-digit organic growthRecord net income of $54 million increases 21%Record adjusted EBITDA of $147 million increases 14%Cash flow from operations of $127 millionRecord contract awards increase 34% year-over-year to $1.7 billion Record Fiscal Year 2024 Highlights Record revenue of $6.8 billion, representing total growth of 24% year-over-year and organic growth of 22%Record net income of $235 million increases 46%Record adjusted EBITDA of $605 million increases 30%Record cash flow from operations increases 28% to $524 millionRecord
COLUMBIA, Md., Feb. 13, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect government entities and private enterprises, proudly announces it has signed an agreement with MAW Telecom International, S.A. (MAW Telecom), a Polish company, to serve as its authorized agent in Poland. This collaboration reinforces SealingTech's commitment to strengthen our international allies' interoperability.The U.S. Department of Commerce and the
CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediati
10-K - PARSONS CORP (0000275880) (Filer)
8-K - PARSONS CORP (0000275880) (Filer)
10-Q - PARSONS CORP (0000275880) (Filer)