At the time of writing, Parsons Corp [PSN] stock is trading at $92.82, up 1.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PSN shares have gain 4.50% over the last week, with a monthly amount glided 16.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Parsons Corp [NYSE: PSN] stock has seen the most recent analyst activity on May 03, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $90 from $77. Previously, Raymond James upgraded its rating to Strong Buy on May 01, 2024, and elevated its price target to $95. On January 16, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $75 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $74 on January 10, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $65 on August 14, 2023. Truist upgraded its rating to Buy for this stock on July 28, 2023, and upped its price target to $60. In a note dated March 28, 2023, William Blair upgraded an Outperform rating on this stock.
For the past year, the stock price of Parsons Corp fluctuated between $53.56 and $92.37. Currently, Wall Street analysts expect the stock to reach $82.83 within the next 12 months. Parsons Corp [NYSE: PSN] shares were valued at $92.82 at the most recent close of the market. An investor can expect a potential drop of -10.76% based on the average PSN price forecast.
Analyzing the PSN fundamentals
According to Parsons Corp [NYSE:PSN], the company’s sales were 6.12B for trailing twelve months, which represents an 23.15% jump. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 91.90 points at the first support level, and at 90.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.37, and for the 2nd resistance point, it is at 93.91.
Ratios To Look Out For
It is important to note that Parsons Corp [NYSE:PSN] has a current ratio of 1.80. Also, the Quick Ratio is 1.80, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 4.44 and price to earnings (TTM) ratio is 218.66.
