Parsons Corp [PSN] stock prices are up 1.05% to $94.47 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PSN shares have gain 2.60% over the last week, with a monthly amount drifted -0.76%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Parsons Corp [NYSE: PSN] stock has seen the most recent analyst activity on January 02, 2025, when Raymond James downgraded its rating to a Mkt Perform. Previously, Goldman upgraded its rating to Buy on December 12, 2024, and elevated its price target to $111. On October 23, 2024, downgrade downgraded it’s rating to Outperform but maintained its price target of $115 on the stock. TD Cowen upgraded its rating to a Buy and increased its price target to $90 on May 03, 2024. Raymond James upgraded its rating to a Strong Buy and raised its price target to $95 on May 01, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on January 16, 2024, and upped its price target to $75. In a note dated January 10, 2024, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $74 on this stock.
The stock price of Parsons Corp [PSN] has been fluctuating between $64.33 and $114.68 over the past year. Currently, Wall Street analysts expect the stock to reach $118 within the next 12 months. Parsons Corp [NYSE: PSN] shares were valued at $94.47 at the most recent close of the market. An investor can expect a potential return of 24.91% based on the average PSN price forecast.
Analyzing the PSN fundamentals
The Parsons Corp [NYSE:PSN] reported sales of 6.51B for trailing twelve months, representing a surge 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 of0.6.
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 93.47 points at the first support level, and at 92.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.00, and for the 2nd resistance point, it is at 95.53.
Ratios To Look Out For
It’s worth pointing out that Parsons Corp [NYSE:PSN]’s Current Ratio is 1.55. In addition, the Quick Ratio stands at 1.55 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 144.23.
