Date | Price Target | Rating | Analyst |
---|---|---|---|
5/3/2024 | $77.00 → $90.00 | Hold → Buy | TD Cowen |
5/1/2024 | $82.00 → $95.00 | Outperform → Strong Buy | Raymond James |
1/16/2024 | $68.00 → $75.00 | Neutral → Outperform | Robert W. Baird |
1/10/2024 | $74.00 | Overweight | KeyBanc Capital Markets |
8/14/2023 | $46.00 → $65.00 | Underperform → Buy | BofA Securities |
7/28/2023 | $50.00 → $60.00 | Hold → Buy | Truist |
3/28/2023 | Mkt Perform → Outperform | William Blair | |
1/3/2023 | $40.00 | Equal-Weight → Underweight | Morgan Stanley |
BAE Systems (LON: BA) has selected Parsons Corporation (NYSE:PSN), a leading national security and global infrastructure company, to begin initial designs for the modernization of the Alternate Nitrate Ester Manufacturing Facility at the Radford Army Ammunition Plant (RFAAP). Under this two-year, $15.4 million contract, Parsons will prepare a series of preliminary design packages for the RFAAP manufacturing facility.
Parsons Corp's (NYSE:PSN) short percent of float has risen 4.13% since its last report. The company recently reported that it has 3.85 million shares sold short, which is 8.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.06 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been named to S&P Dow Jones Indices prestigious S&P MidCap 400 Index, effective prior to the open of trading on September 23, 2024. The company, which celebrated its 80th anniversary earlier this year, 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. "We are honored for Parsons to join the S&P MidCap 400 Index. This accomplishment is a testame
CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract by the United States Army Corps of Engineers (USACE) Honolulu District to provide the design-bid-build delivery of new U.S. Army housing units in the Kwajalein Atoll in the Republic of the Marshall Islands. The three-year, $68.5 million single-award contract is new work for the company. Parsons was also selected by the USACE Honolulu District as a successful offeror on the district's Pre-Qualified Source Listing (PQSL), making the company eligible to receive future large task orders valued at $50 million or more in the district's area of responsibilit
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
10-Q - PARSONS CORP (0000275880) (Filer)
8-K - PARSONS CORP (0000275880) (Filer)
10-Q - PARSONS CORP (0000275880) (Filer)
Q2 2024 Financial Highlights Record revenue of $1.7 billion increases 23% year-over-yearStrong second quarter organic revenue growth of 22%, including five consecutive quarters with year-over-year organic growth above 20%Record net income of $69 million increases 60%Record adjusted EBITDA increases 27% to $150 millionRecord cash flow from operations increases $138 million to $161 million; record trailing twelve-month operating cash flow of $492 million increases 117% over the prior twelve-month periodAfter Q2 2024 ended, Parsons entered into a definitive agreement to acquire BlackSignal TechnologiesIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., July
CHANTILLY, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2024 financial results before the markets open on Wednesday, July 31, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours af
Q1 2024 Financial Highlights Record revenue of $1.5 billion increases 31% year-over-yearRecord first quarter organic revenue growth of 29%, including four consecutive quarters with organic growth above 20%Net loss of $107 million due to a $214 million pre-tax charge related to a partial repurchase of 2025 convertible notes above par due to stock price appreciationAdjusted EBITDA increases by 56% to $141 millionStrong book-to-bill ratio of 1.4x on record contract awards with 51% growthRecord total backlog increases 8% to $9.0 billionIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., May 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today an
TD Cowen upgraded Parsons from Hold to Buy and set a new price target of $90.00 from $77.00 previously
Raymond James upgraded Parsons from Outperform to Strong Buy and set a new price target of $95.00 from $82.00 previously
Robert W. Baird upgraded Parsons from Neutral to Outperform and set a new price target of $75.00 from $68.00 previously
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real estate development company owned by the Public Investment Fund (PIF) of Saudi Arabia that is driving the development of Soudah Peaks, an upcoming year-round luxury mountain tourism destination set 3,015 meters above sea level on Saudi Arabia's highest peak – for project management consultancy services. Parsons' scope includes all project management and site supervision services for the development of Soudah Peaks which is home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, a
CENTREVILLE, Va., July 25, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has named Matt Ofilos as the company's chief financial officer (CFO). Ofilos, who previously served as Parsons' executive vice president of finance, succeeds George Ball, who served as CFO since 2008 and will remain in an advisory capacity through September 2022. Ofilos brings more than 20 years of finance experience and a proven track record of delivering profitable growth and building high-performance finance teams to the role. The board of directors also announced the appointment of two new directors: George Ball and Ellen Lord, the former Under Secretary of Defense for Acquisition and Sustainment. All th