At the time of writing, Parsons Corp [PSN] stock is trading at $96.33, down -1.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The PSN shares have gain 0.43% over the last week, with a monthly amount drifted -1.10%, 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 December 12, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $111 from $103. Previously, Raymond James downgraded its rating to Outperform on October 23, 2024, and kept the price target unchanged to $115. On May 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $90 on the stock. Raymond James upgraded its rating to a Strong Buy and increased its price target to $95 on May 01, 2024. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $75 on January 16, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on January 10, 2024, and assigned it a price target of $74. In a note dated August 14, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $46 to $65.
For the past year, the stock price of Parsons Corp fluctuated between $61.35 and $114.68. Currently, Wall Street analysts expect the stock to reach $116.6 within the next 12 months. Parsons Corp [NYSE: PSN] shares were valued at $96.33 at the most recent close of the market. An investor can expect a potential return of 21.04% based on the average PSN price forecast.
Analyzing the PSN fundamentals
According to Parsons Corp [NYSE:PSN], the company’s sales were 6.51B for trailing twelve months, which represents an 27.60% 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 0.04 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 95.46 points at the first support level, and at 94.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.33, and for the 2nd resistance point, it is at 98.32.
Ratios To Look Out For
It is important to note that Parsons Corp [NYSE:PSN] has a current ratio of 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 1.57, the price to book ratio is 4.42 and price to earnings (TTM) ratio is 147.07.
