Shares of Parsons Corp (PSN, Financial) experienced a notable decline of 8.37%, with the stock price currently at $86.92. This decline has been primarily attributed to concerns raised in the market following CACI's recent fourth-quarter earnings report, which highlighted potential impacts of US government cost-cutting measures on defense contracts.
Parsons Corp (PSN, Financial), listed on the NYSE, is currently trading with a market capitalization of $9.23 billion. The stock's performance has been mixed over different time frames, with a positive change of 39.53% over three years but a recent dip of 17.69% over the last 12 weeks.
Despite the recent decline, Parsons exhibits strong financial health indicators. The company has a PE ratio of 131.7, indicating a high valuation relative to earnings. However, the Altman Z-score of 3.61 suggests strong financial strength, and the Piotroski F-Score is at a high 7, implying robust financial health.
Parsons' profitability is highlighted by an expanding operating margin. Furthermore, the company's GF Score is 83, with a 'C' grade in growth, pointing towards aggressive growth potential. The GF Value for Parsons Corp is considered fairly valued at $78.93, providing investors with a reference point GF Value.
Overall, despite the recent pullback, Parsons Corp (PSN, Financial) demonstrates strong fundamentals with growing revenue and cash flow metrics, suggesting potential for long-term value and stability in the technology-driven defense and infrastructure sectors. Investors should consider these factors along with market conditions and company-specific news when evaluating investment decisions.
