Parsons Corp [PSN] stock is trading at $99.05, up 4.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The PSN shares have gain 2.82% over the last week, with a monthly amount drifted -9.63%, and not 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 October 23, 2024, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $115 for it. Previously, TD Cowen upgraded its rating to Buy on May 03, 2024, and elevated its price target to $90. On May 01, 2024, upgrade upgraded it’s rating to Strong Buy and revised its price target to $95 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $75 on January 16, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $74 as its price target on January 10, 2024. BofA Securities upgraded its rating to Buy for this stock on August 14, 2023, and upped its price target to $65. In a note dated July 28, 2023, Truist upgraded an Buy rating on this stock and boosted its target price from $50 to $60.
Parsons Corp [PSN] stock has fluctuated between $61.10 and $114.68 over the past year. Currently, Wall Street analysts expect the stock to reach $116.6 within the next 12 months. Parsons Corp [NYSE: PSN] shares were valued at $99.05 at the most recent close of the market. An investor can expect a potential return of 17.72% based on the average PSN price forecast.
Analyzing the PSN fundamentals
Parsons Corp [NYSE:PSN] reported sales of 6.51B for the trailing twelve months, which represents a growth of 27.60%. 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 0.04 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 95.23 points at the first support level, and at 91.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.40, and for the 2nd resistance point, it is at 105.74.
Ratios To Look Out For
For context, Parsons Corp’s Current Ratio is 1.55. On the other hand, the Quick Ratio is 1.55, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 151.22.
