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After finishing at $112.01 in the prior trading day, Parsons Corp (NYSE: PSN) closed at $100.28, down -10.47%. In other words, the price has decreased by -$10.47 from its previous closing price. On the day, 2.94 million shares were traded. PSN stock price reached its highest trading level at $113.0 during the session, while it also had its lowest trading level at $99.25.
Ratios:
Our goal is to gain a better understanding of PSN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.53.
On May 03, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $77 to $90.
Raymond James Upgraded its Outperform to Strong Buy on May 01, 2024, whereas the target price for the stock was revised from $82 to $95.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSN now has a Market Capitalization of 10648732672 and an Enterprise Value of 11599585280. As of this moment, Parsons’s Price-to-Earnings (P/E) ratio for their current fiscal year is 153.10, and their Forward P/E ratio for the next fiscal year is 25.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 1.782 whereas that against EBITDA is 19.821.
Stock Price History:
Over the past 52 weeks, PSN has reached a high of $114.68, while it has fallen to a 52-week low of $61.10. The 50-Day Moving Average of the stock is -4.23%, while the 200-Day Moving Average is calculated to be 15.74%.
Shares Statistics:
The stock has traded on average 863.63K shares per day over the past 3-months and 720240 shares per day over the last 10 days, according to various share statistics. A total of 105.84M shares are outstanding, with a floating share count of 105.19M. Insiders hold about 0.94% of the company’s shares, while institutions hold 103.55% stake in the company. Shares short for PSN as of 1730332800 were 2708489 with a Short Ratio of 3.14, compared to 1727654400 on 3392718. Therefore, it implies a Short% of Shares Outstanding of 2708489 and a Short% of Float of 5.87.
Earnings Estimates
Current recommendations for the stock of the company come from 10.0 analysts. The consensus estimate for the next quarter is $0.8, with high estimates of $0.86 and low estimates of $0.7.
Analysts are recommending an EPS of between $3.5 and $3.27 for the fiscal current year, implying an average EPS of $3.39. EPS for the following year is $3.9, with 10.0 analysts recommending between $4.25 and $3.63.
Revenue Estimates
10 analysts predict $1.76B in revenue for the current quarter. It ranges from a high estimate of $1.8B to a low estimate of $1.72B. As of the current estimate, Parsons Corp’s year-ago sales were $1.49BFor the next quarter, 10 analysts are estimating revenue of $1.7B. There is a high estimate of $1.75B for the next quarter, whereas the lowest estimate is $1.63B.
A total of 10 analysts have provided revenue estimates for PSN’s current fiscal year. The highest revenue estimate was $6.81B, while the lowest revenue estimate was $6.73B, resulting in an average revenue estimate of $6.77B. In the same quarter a year ago, actual revenue was $5.44BBased on 11 analysts’ estimates, the company’s revenue will be $7.35B in the next fiscal year. The high estimate is $7.54B and the low estimate is $7.05B.
