The price-to-earnings ratio for Parsons Corp (NYSE: PSN) is above average at 247.54x. The 36-month beta value for PSN is also noteworthy at 0.80. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PSN is 105.19M, and at present, short sellers hold a 3.23% of that float. The average trading volume of PSN on October 11, 2024 was 953.63K shares.
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PSN) stock’s latest price update
The stock of Parsons Corp (NYSE: PSN) has decreased by -1.99 when compared to last closing price of 107.21. Despite this, the company has experienced a -0.78% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-03 that CHANTILLY, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced that the company was selected by the National Guard Bureau to manage the operation and maintenance of a per-and polyfluoroalkyl substances (PFAS) groundwater treatment system at Burlington Air National Guard Base, Vermont. The two-year task order is new work for the company.
PSN’s Market Performance
PSN’s stock has fallen by -0.78% in the past week, with a monthly rise of 10.45% and a quarterly rise of 33.23%. The volatility ratio for the week is 1.44% while the volatility levels for the last 30 days are 1.77% for Parsons Corp The simple moving average for the past 20 days is 2.22% for PSN’s stock, with a 29.50% simple moving average for the past 200 days.
Analysts’ Opinion of PSN
Many brokerage firms have already submitted their reports for PSN stocks, with TD Cowen repeating the rating for PSN by listing it as a “Buy.” The predicted price for PSN in the upcoming period, according to TD Cowen is $90 based on the research report published on May 03, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PSN reach a price target of $95, previously predicting the price at $82. The rating they have provided for PSN stocks is “Strong Buy” according to the report published on May 01st, 2024.
Robert W. Baird gave a rating of “Outperform” to PSN, setting the target price at $75 in the report published on January 16th of the current year.
PSN Trading at 8.32% from the 50-Day Moving Average
After a stumble in the market that brought PSN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.41% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares surge +10.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.00% upper at present.
During the last 5 trading sessions, PSN fell by -0.78%, which changed the moving average for the period of 200-days by +66.32% in comparison to the 20-day moving average, which settled at $102.80. In addition, Parsons Corp saw 67.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PSN
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Parsons Corp stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 2.50, with 1.11 for asset returns.
Based on Parsons Corp (PSN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 14.74.
Currently, EBITDA for the company is 415.52 million with net debt to EBITDA at 1.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.97. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In summary, Parsons Corp (PSN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
