Parsons Corp [NYSE: PSN] traded at a high on Wednesday, posting a 18.39 gain after which it closed the day’ session at $91.37.
The results of the trading session contributed to over 4112046 shares changing hands. Over the past one week, the price volatility of Parsons Corp stands at 3.76% while the volatility over the past one month is 2.37%.
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The market cap for PSN stock reached $4.41 billion, with 105.84 million shares outstanding and 47.79 million shares in the current float. Compared to the average trading volume of 855.69K shares, PSN reached a trading volume of 4112046 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Parsons Corp [PSN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSN shares is $98.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSN stock is a recommendation set at 1.30. 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.
TD Cowen have made an estimate for Parsons Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price from $82 to $95. The new note on the price target was released on May 01, 2024, representing the official price target for Parsons Corp stock. Previously, the target price had yet another raise from $68 to $75, while Robert W. Baird kept a Outperform rating on PSN stock.
The Average True Range (ATR) for Parsons Corp is set at 2.62, with the Price to Sales ratio for PSN stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 4.51, with the Price to Cash per share for the same quarter was set at 8.77. Price to Free Cash Flow for PSN in the course of the last twelve months was 14.15 with Quick ratio for the last quarter at 1.79.
How has PSN stock performed recently?
Parsons Corp [PSN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.43. With this latest performance, PSN shares gained by 13.93% in over the last four-week period, additionally plugging by 38.75% over the last 6 months – not to mention a rise of 84.88% 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 PSN stock in for the last two-week period is set at 75.22, with the RSI for the last a single of trading hit 80.69, and the three-weeks RSI is set at 71.17 for Parsons Corp [PSN]. The present Moving Average for the last 50 days of trading for this stock 78.12, while it was recorded at 80.10 for the last single week of trading, and 72.18 for the last 200 days.
Parsons Corp [PSN]: Deeper insight into the fundamentals
Parsons Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.79 and a Current Ratio set at 1.79.
Earnings analysis for Parsons Corp [PSN]
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 PSN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Parsons Corp go to 8.80%.
Insider trade positions for Parsons Corp [PSN]
The top three institutional holders of PSN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PSN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PSN stock with ownership which is approximately 5.1238%.
