Analyst Scoreboard: 7 Ratings For Parsons Corp

Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Parsons Corp (NYSE:PSN) in the last three months.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Parsons Corp, revealing an average target of $76.86, a high estimate of $85.00, and a low estimate of $68.00. Witnessing a positive shift, the current average has risen by 7.95% from the previous average price target of $71.20.

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Parsons Corp's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Parsons Corp. This insight gives a snapshot of analysts' perspectives on 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 predict movements in price targets, offering estimates for Parsons Corp's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into Parsons Corp's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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.

Breaking Down Parsons Corp's Financial Performance

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

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. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.

Net Margin: Parsons Corp's net margin is impressive, surpassing industry averages. With a net margin of 3.01%, the company demonstrates strong profitability and effective cost management.

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 financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.94%, the company showcases efficient use of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.41.

Analyst Ratings: Simplified

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.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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