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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 $80.14, up 3.01% from the previous day, and has increased 68.22% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.56 percentage points. Parsons stock is currently +70.62% from its 52-week low of $46.97, and -6.2% from its 52-week high of $85.44.

As of Jul 16, 2024, there are 146.75M PSN shares outstanding. The market cap of PSN is $11.76B. In the last 24 hours, 826,619 PSN shares were traded.

How to Buy Parsons Stock

Not sure how to invest in Parsons stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Choose your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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.
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  • 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.

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Step 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

  1. 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.
  2. Input your personal data to create a new trading account.
  1. Submit your application by clicking the "Create Account" button.
  2. Get started with eToro today
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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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$80.14
1w %
2.57%
1y %
68.22%
5y %
114.68%
P/E
296.81x
P/B
5.47x
P/S
2.03x
PEG
1.37x
Revenue
$5.80B
Earnings
$28.24M
Fore. Rev. Growth
7.58%
Fore. Earn. Growth
239.93%
Market Cap
$11.76B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

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 296.81x, relative to Information Technology Services industry P/E ratio of 29.31x
  • PSN could be overvalued based on its P/B ratio of 5.47x, relative to Information Technology Services industry P/B ratio of 4.86x
  • PSN could be overvalued based on its PEG ratio of 1.37x

You can access more valuation research on PSN's stock here.

PSN Financial Summary

Signs that PSN is financially healthy:

  • PSN's operating cash flow of $353.27M allows it to safely service it's debt of $1.41B.
  • There are more short-term assets than long-term liabilities on the PSN balance sheet.
  • Total PSN debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the PSN balance sheet.

Signs that PSN is not financially healthy:

  • PSN has a relatively high debt to equity ratio of 1.33.
  • PSN profit margin has gone down from 2.3% to 0.5% in the past year.
  • PSN earnings of $78.68M is not sufficient to cover its interest payments.

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

Gavin Parsons, a top 32% analyst from Goldman Sachs maintains PSN with a hold rating and raises their PSN price target from $73.00 to $81.00, on Apr 16, 2024.

Tobey Sommer, a top 4% analyst from Truist Securities maintains PSN with a strong buy rating and raises their PSN price target from $84.00 to $100.00, on Apr 9, 2024.

Truist Securities's Tobey Sommer raised their price target on Parsons (NYSE: PSN) by 19% from $84 to $100 on 2024/04/09. The analyst maintained their Strong Buy rating on the stock.

The analyst made the price target move as part of a broader research note previewing Q1 2024 results for names in their Business and Government Services portfolio.

Truist believes the group still has upside potential because of:

  • Its positive Bookings, which is in line with the Street's organic growth expectations.
  • The "relatively conservative" FY 2024 guidance across the space.
  • The passing of the FY 2024 budget, which will lead to a strong start for government spending on defense.

Company-specific speaking, Parsons is "best positioned at the intersection of key spending priorities," Sommer said, noting that the shares were priced in and expected to continue growing rapidly.

Josh Sullivan, a top 2% analyst from Benchmark reiterates PSN with a strong buy rating and maintains their PSN price target from $68.00 to $68.00, on Apr 4, 2024.

You can dig deeper into what analysts are projecting on the Parsons stock forecast page.

PSN Trading Indicators

SMA10
79.27
SMA20
79.5
SMA50
77.85
SMA100
79.35
SMA200
70.89
MACD
0.39
MACD Signal
0.55
MACD Histogram
-0.16
RSI
55.92
Stochastic %K
21
Stochastic %D
21.61
StochRSI %K
18.95
StochRSI %D
18.34

How are PSN Revenues/Earnings doing?

Last year, PSN earnings were $28.24M. In the last five year, PSN's earnings have gone up by -36.38% per year. This was slower than the Information Technology Services industry average of 7.06%.

Last year, PSN revenue was $5.80B. In the past five year, PSN's revenue has gone up by 9.37% per year. This was faster than the Information Technology Services industry average of 7.13%.

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 $48,547.20 worth of PSN stock on Jul 15, 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:

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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:

  1. Choose where to buy Parsons stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Parsons stock
  5. Make your PSN trade
  6. Keep tabs on your PSN position

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Parsons, create your watchlist below.

NYSE: PSN
$80.14+2.34 (+3.01%)
Updated Jul 16, 2024
Open eToro Account
NYSE: PSN
$80.14+2.34 (+3.01%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Parsons share?

As of Jul 16, 2024, it costs $80.14 to buy one share of Parsons stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.125 shares of PSN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Parsons stock?

According to 8 Wall Street analysts who monitor Parsons, their consensus recommendation is to buy Parsons stock.

What is the best way to buy Parsons stock?

One way to place an order for Parsons stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.