As we enter January 10, 2024, analysts have been sharing their diverse perspectives on Parsons Corp (NYSE:PSN) over the past three months. Their ratings have ranged from bullish to bearish, providing us with a comprehensive overview of the evolving sentiments within the last 30 days compared to previous months.
Let’s take a closer look at their recent ratings:
– Bullish: In the last 30 days, there have been no bullish ratings, but in the preceding months, analysts gave two bullish ratings, while one was recorded three months ago.
– Somewhat Bullish: Within the last 30 days, one analyst expressed a somewhat bullish sentiment. However, in the previous months, there were no such ratings, except for one three months ago.
– Indifferent: Analysts have not expressed any indifferent sentiments in the past three months.
– Somewhat Bearish: No analysts have shown a somewhat bearish outlook on Parsons Corp in the past three months.
– Bearish: Similarly, no analysts have given a bearish rating for Parsons Corp in the past three months.
Moving on to the 12-month price target for Parsons Corp, analysts have set an average target of $74.00. The high estimate stands at $80.00, while the low estimate is $69.00. This indicates an increase of 8.42% from the previous average price target of $68.25.
Let’s take a look at the most recent ratings and price targets from key analysts:
– Sangita Jain from Keybanc has announced an Overweight rating for Parsons Corp, with a current price target of $74.00.
– Bert Subin from Stifel has raised the rating to Buy, setting a price target of $73.00.
– Sheila Kahyaoglu from Jefferies has also raised the rating to Buy, with a price target of $80.00.
– Tobey Sommer from Truist Securities has raised the rating to Buy, setting a price target of $74.00.
– Brian Gesuale from Raymond James has raised the rating to Outperform, with a price target of $69.00.
Considering the ratings and price targets from these key analysts, the average price target for Parsons Corp is $70.33. This average is based on the 12-month price targets of nine Wall Street analysts. The highest analyst price target is $80.00, while the lowest is $62.00.
The analyst rating consensus for Parsons Corp is a Moderate Buy, based on the ratings of these nine Wall Street analysts.
It’s important to note that these ratings and price targets reflect the evolving sentiments and expectations of analysts regarding the future performance of Parsons Corp. For more detailed financial estimates and forecasts, you can refer to financial platforms such as Yahoo Finance and TipRanks.
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PSN Stock Shows Impressive Performance, Trading Near 52-Week High and Above 200-Day Moving Average
On January 10, 2024, PSN stock demonstrated an impressive performance, trading near the top of its 52-week range and above its 200-day simple moving average. The stock showed positive price momentum, with an increase of $0.38 since the market last closed, representing a rise of 0.60%. PSN shares opened at $63.26, which was $0.32 higher than its previous close. This opening price indicated a strong start for the stock, setting the stage for a potentially profitable trading day. The fact that PSN is trading close to the top of its 52-week range suggests that investors have shown confidence in the company’s performance over the past year. This may be due to positive news, strong financial results, or other factors that have contributed to the stock’s upward trajectory. Furthermore, the stock’s position above its 200-day simple moving average is another positive sign for investors. Investors who purchased PSN shares on January 10, 2024, would have seen an immediate gain as the stock opened higher than its previous close. It is important to note that this analysis is based on the information provided and the stock’s performance on January 10, 2024. Stock prices and market conditions can change rapidly, so investors should conduct thorough research and consult with financial professionals before making any investment decisions.
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PSNs Impressive Stock Performances on January 10, 2024: Revenue, Net Income, and EPS Show Significant Growth
PSN has seen impressive stock performances on January 10, 2024, according to data sourced from CNN Money. The company’s financials indicate a positive trend in its revenue, net income, and earnings per share (EPS) over the past year and quarter.
Starting with the revenue figures, PSN reported a total revenue of $4.20 billion over the past year, representing a 14.6% increase compared to the previous year. In the third quarter alone, the company generated $1.42 billion in revenue, reflecting a 4.58% increase compared to the previous quarter.
Moving on to net income, PSN recorded a net income of $96.66 million over the past year, showing a significant 50.87% increase compared to the previous year. In the third quarter, the company’s net income reached $47.45 million, reflecting a 9.73% increase compared to the previous quarter.
The earnings per share (EPS) figures also showcase PSN’s strong performance. The company reported an EPS of $0.85 over the past year, representing a remarkable 49.07% increase compared to the previous year. In the third quarter, the EPS reached $0.42, reflecting a 10.66% increase compared to the previous quarter.
Overall, PSN’s stock performances on January 10, 2024, have been impressive, with significant growth in revenue, net income, and EPS. The company’s ability to consistently increase its revenue by attracting more customers and generating higher sales demonstrates its strong market position. Additionally, PSN’s effective cost management has led to substantial growth in net income, indicating improved profitability. The consistent increase in EPS highlights PSN’s commitment to delivering value to its shareholders.
Investors and analysts may view PSN’s strong financial performance as a positive sign for the company’s future prospects. With its ability to attract a larger customer base and generate higher sales, PSN is well-positioned to continue its growth trajectory in the gaming industry. However, it is important to conduct further research and analysis to assess the sustainability of PSN’s growth and evaluate any potential risks in the market.
