NYSE:PSNProfessional Services
Parsons (PSN) Stock Trades Expensive After Its 52% Five Year Gain
Parsons stock has delivered a 52.1% gain over the past five years, yet its recent share price around US$58.73 screens as expensive on the broader valuation checks. This sets up a tension between a solid long term return record and a market that may already be pricing in a lot of good news.
The 52.1% return over five years points to a stock that has rewarded patient holders, even though the shorter term picture includes periods of weaker performance.
Recent contract wins in defense,...