How to Buy Parsons Stock
Parsons Corp
Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally.
Parsons stock last closed at $79.73, up 0.57% from the previous day, and has increased 84.65% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.69 percentage points. Parsons stock is currently +88.82% from its 52-week low of $42.23, and -6.68% from its 52-week high of $85.44.
As of Apr 26, 2024, there are 105.83M PSN shares outstanding. The market cap of PSN is $8.44B. In the last 24 hours, 430,034 PSN shares were traded.
How to Buy Parsons Stock
Not sure how to invest in Parsons stock? Here's how.
- Choose where to buy Parsons stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Parsons stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Parsons stock: The Parsons ticker symbol is PSN. Is Parsons stock a good investment? Should you buy shares of PSN? How do PSN's underlying business fundamentals look? Do top analysts think Parsons is a good buy? Why has PSN's stock price moved recently? (Hint: Our stock analysis website can help you figure out if PSN is a good stock to buy).
- Make your PSN trade: Decide if you will purchase PSN shares at the current market price or use a limit order to purchase PSN stock at a specific price.
- Keep tabs on your PSN position: Create a watchlist to key updates about your investment in Parsons stock.
Step 1: Choose where to buy Parsons stock
You will need a brokerage account to access the NYSE market and buy PSN stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Real Estate, New York to Tokyo — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you can invest in PSN today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on one of the best stock apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help transferring funds into your investment account.
Step 4: Evaluate Parsons stock
Once you have selected the best place to buy Parsons stock, it's crucial to evaluate their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Parsons stock at a glance
PSN Zen Score
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on PSN's stock page.
Is PSN stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge PSN's intrinsic value.
Using relative valuations methods:
- PSN could be overvalued based on its P/E ratio of 52.11x, relative to Information Technology Services industry P/E ratio of 23.55x
- PSN could be undervalued based on its P/B ratio of 3.69x, relative to Information Technology Services industry P/B ratio of 4.51x
- PSN could be overvalued based on its PEG ratio of 2.03x
You can access more valuation research on PSN's stock here.
PSN Financial Summary
Signs that PSN is financially healthy:
- PSN earnings of $248.78M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the PSN balance sheet.
- PSN's operating cash flow of $407.70M allows it to safely service it's debt of $922.02M.
- PSN profit margin has gone up from 2.3% to 3% in the past year.
- There are more short-term assets than short-term liabilities on the PSN balance sheet.
- Total PSN debt is lower than 5 years ago, relative to shareholder equity.
Signs that PSN is not financially healthy:
- PSN has a relatively high debt to equity ratio of 1.06.
Is it a good time to buy PSN stock, according to Wall Street analysts?
Out of 8 sell side analysts who track PSN, the consensus analyst rating on Parsons is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest PSN Analyst Forecasts
Bert Subin, a top 21% analyst from Stifel Nicolaus maintains PSN with a strong buy rating and raises their PSN price target from $70.00 to $73.00, on Nov 17, 2023.
Stifel Nicolaus's Bert Subin raised their price target on Parsons (NYSE: PSN) by 4.3% from $70 to $73 on 2023/11/17. The analyst maintained their Strong Buy rating on the stock.
Meeting with leaders of the company's Critical Infrastructure segment during a visit to Parsons' Middle East headquarters prompted their price target hike, Subin reported.
The analyst told investors that the Middle East has significantly contributed to Parsons' FY 2023 results and that growth shows no signs of slowing down as substantial investments align with ongoing expansion in the UAE.
Economic diversification will be bolstered by the company's developing foothold in the region, Subin predicted.
Sheila Kahyaoglu, a top 11% analyst from Jefferies maintains PSN with a strong buy rating and raises their PSN price target from $75.00 to $80.00, on Nov 16, 2023.
Brian Gesuale, a top 7% analyst from Raymond James maintains PSN with a buy rating and raises their PSN price target from $62.00 to $69.00, on Nov 2, 2023.
You can dig deeper into what analysts are projecting on the Parsons stock forecast page.
PSN Trading Indicators
How are PSN Revenues/Earnings doing?
Last year, PSN earnings were $161.15M. In the last five year, PSN's earnings have gone up by -11.26% per year. This was slower than the Information Technology Services industry average of 8.27%.
Last year, PSN revenue was $5.44B. In the past five year, PSN's revenue has gone up by 8.86% per year. This was faster than the Information Technology Services industry average of 7.86%.
Learn more about PSN's earnings and revenue performance here.
Are PSN insiders buying or selling the stock?
In the last year, insiders at PSN have sold more shares than they have bought.
Susan M. Balaguer, Chief Human Resources Officer of PSN, was the latest PSN insider to sell. They sold $42,915.42 worth of PSN stock on Mar 1, 2024.
Learn more about who owns PSN shares here.
Does PSN provide a stable income stream?
No, Parsons doesn't provide an income stream by paying out dividends.
What do other traders have to say about PSN?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your PSN trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Press the Open button and eToro will execute the order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your PSN position
Now that you own some PSN shares, you'll want to stay up-to-date on your new investment.
Put PSN on a watchlist to get notified of the latest news about your PSN stock.
PSN Feed
How to Buy Stock in Parsons
To reiterate, here are the 6 steps to buy stock in Parsons:
- Choose where to buy Parsons stock
- Open a brokerage account
- Put funds into your brokerage account
- Evaluate Parsons stock
- Make your PSN trade
- Keep tabs on your PSN position
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Parsons, create your watchlist below.
More Stock Buying Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.