Stifel slashes price target on Perspecta Inc. [PRSP] – find out why.

Perspecta Inc. [NYSE: PRSP] gained 0.03% on the last trading session, reaching $29.19 price per share at the time. The company report on April 15, 2021 that Perspecta awarded $71 million program to modernize space weather analysis and forecast system for U.S. Space Force.

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Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced that it was selected to support the Space Weather Analysis and Forecast System (SWAFS) program. Awarded by the U.S. Space Force’s Space and Missile Systems Center and the General Services Administration’s Federal Systems Integration and Management Center (FEDSIM), the contract falls under Phase III of the Small Business Innovation Research (SBIR) program. The award represents new work for the company, has a five-year period of performance and a ceiling value of $71 million.

On the program, Perspecta will provide SWAFS personnel with an improved capability to analyze sensor data related to solar flares, solar winds and other space environmental conditions that may affect high-altitude aircraft, and space- and ground-based systems. Perspecta will migrate the SWAFS software applications to a cloud environment and deploy a data-as-a-service interface so that users get more direct access to near-real-time data. Use of this data collection model will allow the U.S. Department of Defense and other government organizations to increase the number of data sources available to the SWAFS program and upgrade its capacity to collate and correlate data.

Perspecta Inc. represents 160.96 million in outstanding shares, while the company has a total market value of $4.71 billion with the latest information. PRSP stock price has been found in the range of $29.18 to $29.25.

If compared to the average trading volume of 2.41M shares, PRSP reached a trading volume of 1250627 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Perspecta Inc. [PRSP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRSP shares is $28.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRSP stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Perspecta Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 08, 2021. The new note on the price target was released on June 09, 2020, representing the official price target for Perspecta Inc. stock.

The Average True Range (ATR) for Perspecta Inc. is set at 0.10, with the Price to Sales ratio for PRSP stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 3.34, with the Price to Cash per share for the same quarter was set at 1.39. Price to Free Cash Flow for PRSP in the course of the last twelve months was 8.90 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for PRSP stock

Perspecta Inc. [PRSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.03. With this latest performance, PRSP shares gained by 0.41% in over the last four-week period, additionally plugging by 48.70% over the last 6 months – not to mention a rise of 49.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRSP stock in for the last two-week period is set at 64.05, with the RSI for the last a single of trading hit 67.01, and the three-weeks RSI is set at 64.96 for Perspecta Inc. [PRSP]. The present Moving Average for the last 50 days of trading for this stock 29.07, while it was recorded at 29.18 for the last single week of trading, and 23.79 for the last 200 days.

Perspecta Inc. [PRSP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Perspecta Inc. [PRSP] shares currently have an operating margin of +8.15 and a Gross Margin at +14.88. Perspecta Inc.’s Net Margin is presently recorded at -15.01.

Return on Total Capital for PRSP is now 8.17, given the latest momentum, and Return on Invested Capital for the company is -15.85. Return on Equity for this stock declined to -38.42, with Return on Assets sitting at -11.77. When it comes to the capital structure of this company, Perspecta Inc. [PRSP] has a Total Debt to Total Equity ratio set at 205.38. Additionally, PRSP Total Debt to Total Capital is recorded at 67.25, with Total Debt to Total Assets ending up at 51.56. Long-Term Debt to Equity for the company is recorded at 187.77, with the Long-Term Debt to Total Capital now at 61.49.

Reflecting on the efficiency of the workforce at the company, Perspecta Inc. [PRSP] managed to generate an average of -$48,286 per employee. Receivables Turnover for the company is 7.94 with a Total Asset Turnover recorded at a value of 0.78.Perspecta Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Perspecta Inc. [PRSP]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Perspecta Inc. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRSP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Perspecta Inc. go to 5.00%.

An analysis of insider ownership at Perspecta Inc. [PRSP]

There are presently around $3,736 million, or 79.20% of PRSP stock, in the hands of institutional investors. The top three institutional holders of PRSP stocks are: BLACKROCK INC. with ownership of 15,725,694, which is approximately 2.348% of the company’s market cap and around 0.30% of the total institutional ownership; JANA PARTNERS LLC, holding 15,286,875 shares of the stock with an approximate value of $446.22 million in PRSP stocks shares; and VANGUARD GROUP INC, currently with $403.84 million in PRSP stock with ownership of nearly 2.619% of the company’s market capitalization.

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Positions in Perspecta Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 147 institutional holders increased their position in Perspecta Inc. [NYSE:PRSP] by around 14,827,202 shares. Additionally, 199 investors decreased positions by around 11,937,689 shares, while 120 investors held positions by with 101,209,854 shares. The mentioned changes placed institutional holdings at 127,974,745 shares, according to the latest SEC report filing. PRSP stock had 72 new institutional investments in for a total of 4,404,921 shares, while 51 institutional investors sold positions of 1,265,736 shares during the same period.

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