Last Updated: 15 Sep 2024
Executive Summary
Parsons Corp (PSN) is a technology-based solutions provider in defense, intelligence, and critical infrastructure markets. The company's stock price is currently $98.22. Based on the latest available data, Parsons Corp has a strong financial position with a market capitalization of $10.43 billion, an EBITDA of $551.71 million, and an EPS of $0.45. The company's revenue has grown by 23.1% year-over-year, and its quarterly earnings have increased by 64.1%. Analysts have a positive outlook on Parsons Corp, with a target price of $103.8.
Company Overview
Parsons Corp is a leading provider of technology-based solutions in the defense, intelligence, and critical infrastructure markets. The company offers a wide range of services, including engineering, construction, technology, and management consulting. Parsons Corp has a global presence, with operations in North America, the Middle East, and internationally.
Fundamental Analysis
Parsons Corp has a strong financial position. The company's revenue has grown by 23.1% year-over-year, and its quarterly earnings have increased by 64.1%. Parsons Corp has a healthy EBITDA margin of 8.9% and a net income margin of 4.7%. The company's balance sheet is also strong, with a debt-to-equity ratio of 0.5.
Technical Analysis
Parsons Corp's stock price has been in a bullish trend since the beginning of 2023. The stock price is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also in bullish territory, indicating that the stock is overbought.
Short Term Outlook
The short-term outlook for Parsons Corp is positive. The company's stock price is in a bullish trend, and the RSI is in bullish territory. The company's strong financial position and positive analyst outlook also support a positive short-term outlook.
Long Term Outlook
The long-term outlook for Parsons Corp is also positive. The company's strong financial position and positive analyst outlook suggest that the company is well-positioned for long-term growth. The company's focus on technology-based solutions in the defense, intelligence, and critical infrastructure markets is also expected to drive long-term growth.
Analyst Recommendations
Analysts have a positive outlook on Parsons Corp. The consensus analyst rating is "Buy," and the average analyst target price is $103.8. Six analysts have a "Strong Buy" rating on the stock, four analysts have a "Buy" rating, and one analyst has a "Hold" rating. No analysts have a "Sell" or "Strong Sell" rating on the stock.
