Parsons Corp (NYSE: PSN) has a higher price-to-earnings ratio of 262.32x compared to its average ratio. PSN has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PSN is 105.19M, and currently, short sellers hold a 2.95% ratio of that float. The average trading volume of PSN on October 30, 2024 was 955.89K shares.
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PSN) stock’s latest price update
Parsons Corp (NYSE: PSN) has experienced a rise in its stock price by 6.02 compared to its previous closing price of 105.03. However, the company has seen a gain of 6.68% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Parsons (PSN) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.69 per share a year ago.
PSN’s Market Performance
PSN’s stock has risen by 6.68% in the past week, with a monthly rise of 6.25% and a quarterly rise of 25.78%. The volatility ratio for the week is 1.73% while the volatility levels for the last 30 days are 1.52% for Parsons Corp The simple moving average for the past 20 days is 4.33% for PSN’s stock, with a 32.22% simple moving average for the past 200 days.
Analysts’ Opinion of PSN
Many brokerage firms have already submitted their reports for PSN stocks, with Raymond James repeating the rating for PSN by listing it as a “Outperform.” The predicted price for PSN in the upcoming period, according to Raymond James is $115 based on the research report published on October 23, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PSN reach a price target of $90, previously predicting the price at $77. The rating they have provided for PSN stocks is “Buy” according to the report published on May 03rd, 2024.
Raymond James gave a rating of “Strong Buy” to PSN, setting the target price at $95 in the report published on May 01st of the current year.
PSN Trading at 9.92% 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 able to rebound, for now settling with 1.65% of gains for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +4.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.00% upper at present.
During the last 5 trading sessions, PSN rose by +5.42%, which changed the moving average for the period of 200-days by +69.60% in comparison to the 20-day moving average, which settled at $106.67. In addition, Parsons Corp saw 77.57% 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 2.06. 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
To put it simply, Parsons Corp (PSN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
