Parsons (PSN) Stock Looks About Right Despite Fresh PFAS Cleanup News

Parsons has rebounded to about US$49.99 a share after a rough stretch, which puts a fresh spotlight on whether that price lines up with what the business is earning today. With the stock’s story shaped by both a long term gain and more recent setbacks, the question is how much of its earnings power is already baked into the valuation. Over the past 5 years the stock has returned 41.0%, which puts real weight on whether current earnings can support the value now attached to the company. The...