Parsons Corp (NYSE: PSN)’s stock price has soared by 4.77 in relation to previous closing price of 95.30. Nevertheless, the company has seen a loss of -0.43% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that CHANTILLY, Va., Nov. 19, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that Kicking Horse Canyon Phase 4 (KHCP4), a transformative infrastructure initiative in British Columbia (BC), Canada, has been awarded the prestigious 2024 Global Best Project Award in the Road/Highway category by Engineering News-Record (ENR). Led by Kicking Horse Canyon Constructors – a joint venture between Aecon Constructors, Parsons Corporation, and Emil Anderson Construction – the project was delivered in partnership with the Transportation Investment Corporation and the BC Ministry of Transportation and Infrastructure.
Is It Worth Investing in Parsons Corp (NYSE: PSN) Right Now?
The price-to-earnings ratio for Parsons Corp (NYSE: PSN) is above average at 152.44x. The 36-month beta value for PSN is also noteworthy at 0.76. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PSN is 105.19M, and at present, short sellers hold a 2.57% of that float. The average trading volume of PSN on November 21, 2024 was 956.80K shares.
PSN’s Market Performance
PSN’s stock has seen a -0.43% decrease for the week, with a -4.34% drop in the past month and a 5.54% gain in the past quarter. The volatility ratio for the week is 5.31%, and the volatility levels for the past 30 days are at 3.01% for Parsons Corp The simple moving average for the last 20 days is -5.59% for PSN’s stock, with a simple moving average of 14.23% for the last 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 -4.77% 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 -12.93% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.68% upper at present.
During the last 5 trading sessions, PSN fell by -0.35%, which changed the moving average for the period of 200-days by +51.85% in comparison to the 20-day moving average, which settled at $105.77. In addition, Parsons Corp saw 59.23% 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 0.11. Equity return is now at value 3.51, with 1.55 for asset returns.
Based on Parsons Corp (PSN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 8.77.
Currently, EBITDA for the company is 415.52 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 3.57for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, Parsons Corp (PSN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
