Key Insights:
- Parsons (PSN, Financial) secures a significant role in a $1.5 billion Air Force contract, enhancing its capability to address global environmental challenges.
- Analysts forecast a substantial potential upside for Parsons Corp, with an average price target of $88.46.
- Current brokerage recommendations reflect an "Outperform" status for Parsons.
Parsons (PSN) has been awarded a highly competitive position in a monumental $1.5 billion contract by the Air Force Civil Engineering Center. This pivotal contract empowers Parsons to vie for assignments aimed at tackling environmental restoration and compliance challenges across numerous U.S. Air Force bases globally. This achievement is a testament to Parsons' robust capability in addressing environmental issues on a large scale.
Wall Street Analyst Forecasts
In a detailed analysis by nine prominent analysts, Parsons Corp (PSN, Financial) boasts an average one-year price target of $88.46. The projections range from a high estimate of $122.12 to a low of $58.00, indicating a potential upside of 36.91% from its current trading price of $64.61. For a more comprehensive breakdown of these estimates, refer to the Parsons Corp (PSN) Forecast page.
Brokerage Recommendations
Reflecting favorable market sentiment, 11 brokerage firms collectively rate Parsons Corp (PSN, Financial) with an average brokerage recommendation of 2.0, signifying an "Outperform" status. This rating is part of a broader scale where 1 represents a Strong Buy, and 5 indicates a Sell, placing Parsons in a promising position.
GF Value Analysis
According to GuruFocus estimates, the GF Value for Parsons Corp (PSN, Financial) stands at $78.80 for the upcoming year. This suggests a potential upside of 21.96% from its current price of $64.61. The GF Value metric, a proprietary calculation by GuruFocus, considers historical trading multiples, the company's past growth, and future performance projections. For a deeper exploration of Parsons Corp's financial health and stock metrics, visit the Parsons Corp (PSN) Summary page.
