Parsons Corporation (NYSE:PSN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus — Moderate Buy: Fifteen analysts cover Parsons with an average recommendation of "Moderate Buy" (9 buys, 6 holds) and an average 1‑year price target of about $78.17.
• Mixed Q1 results: Parsons beat EPS expectations ($0.79 vs. $0.70) and reported record adjusted EBITDA and a $9.3B backlog with a 1.4x book‑to‑bill, but revenue missed at $1.49B (down ~4% YoY), which limits near‑term upside.
• Guidance and analyst caution: Management reiterated FY26 guidance with revenue of $6.5B–$6.8B while some brokers trimmed targets (e.g., Citi cut $70→$65), signaling cautious sentiment despite operational strength.

Shares of Parsons Corporation (NYSE:PSN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $78.1667.

PSN has been the topic of several recent analyst reports. Robert W. Baird reiterated a "neutral" rating and set a $60.00 price objective on shares of Parsons in a research report on Monday, April 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Parsons in a research report on Friday, March 27th. Truist Financial reduced their price target on shares of Parsons from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Zacks Research upgraded shares of Parsons from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Parsons in a research report on Thursday, January 15th.

Key Stories Impacting Parsons

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: EPS beat and margin/EBITDA strength — Parsons reported Q1 EPS of $0.79 vs. $0.70 consensus and posted a record adjusted EBITDA and expanded margins, supporting near-term profitability expectations. Parsons (PSN) Surpasses Q1 Earnings Estimates
• Positive Sentiment: Record backlog and book-to-bill — Total backlog rose to a record $9.3B (funded $6.6B) and book-to-bill was 1.4x in both segments, indicating healthy future revenue visibility. Parsons Reports First Quarter 2026 Results
• Neutral Sentiment: Guidance reiterated but revenue range slightly wide — Management reiterated FY26 guidance and issued revenue guidance of $6.5B–$6.8B (consensus ~ $6.7B), which keeps guidance intact but leaves room for execution risk. Parsons Reports First Quarter 2026 Results
• Negative Sentiment: Revenue miss and YoY decline — Q1 revenue was $1.49B vs. $1.51B expected and down ~4% year-over-year, a near-term headwind that limits upside despite the EPS beat. Parsons NYSE: PSN Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Analyst price-target cut — Citi trimmed its PSN target from $70 to $65 (still a Buy), which may cap near-term upside and signals some analyst caution. Benzinga

Institutional Investors Weigh In On Parsons

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Parsons by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 17,029 shares of the company's stock worth $1,412,000 after purchasing an additional 144 shares during the last quarter. Kennedy Capital Management LLC increased its position in Parsons by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 47,680 shares of the company's stock valued at $2,947,000 after acquiring an additional 194 shares during the last quarter. CI Investments Inc. increased its position in Parsons by 32.5% during the third quarter. CI Investments Inc. now owns 852 shares of the company's stock valued at $71,000 after acquiring an additional 209 shares during the last quarter. NewEdge Advisors LLC increased its position in Parsons by 38.0% during the first quarter. NewEdge Advisors LLC now owns 959 shares of the company's stock valued at $57,000 after acquiring an additional 264 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Parsons by 4.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,156 shares of the company's stock valued at $510,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 98.02% of the company's stock.

Parsons Trading Up 0.3%

Parsons stock opened at $50.43 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of 24.13, a PEG ratio of 1.57 and a beta of 0.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.75 and a quick ratio of 1.75. Parsons has a 1 year low of $49.38 and a 1 year high of $89.50. The firm's 50 day moving average price is $56.93 and its 200-day moving average price is $67.75.

Parsons (NYSE:PSN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. Parsons had a net margin of 3.62% and a return on equity of 11.52%. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, equities analysts predict that Parsons will post 2.99 earnings per share for the current fiscal year.

Parsons Company Profile

Parsons Corporation NYSE: PSN is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.

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