Parsons Corporation (NYSE:PSN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Parsons has a consensus recommendation of Moderate Buy from 15 analysts (11 buys, 3 holds, 1 sell) with an average 1‑year price target of $81.25.
• The company's latest quarter missed estimates — EPS $0.75 vs. $0.81 expected and revenue $1.60B vs. $1.68B, with revenue down 7.5% year‑over‑year — while shares trade near $56.30 (1‑year range $49.38–$89.50).
• Multiple brokerages (including Citigroup, Barclays, Truist, Stifel and TD Cowen) have recently trimmed price targets to as low as $70, reflecting a more cautious near‑term outlook despite many buy ratings.

Parsons Corporation (NYSE:PSN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $81.25.

Several analysts recently issued reports on the stock. TD Cowen raised shares of Parsons from a "hold" rating to a "buy" rating and cut their price target for the company from $90.00 to $75.00 in a report on Wednesday, December 10th. Barclays reduced their price target on shares of Parsons from $78.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, March 31st. Truist Financial reissued a "buy" rating and issued a $85.00 price objective (down from $90.00) on shares of Parsons in a report on Thursday, February 12th. Stifel Nicolaus lowered their target price on shares of Parsons from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, December 23rd. Finally, Citigroup lowered their price target on Parsons from $88.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday.

Parsons Stock Performance

Shares of NYSE PSN opened at $56.30 on Monday. The company has a market capitalization of $5.96 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.76 and a beta of 0.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.75 and a current ratio of 1.75. The company's fifty day moving average price is $61.73 and its 200 day moving average price is $71.48. Parsons has a 1 year low of $49.38 and a 1 year high of $89.50.

Parsons (NYSE:PSN - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.06). Parsons had a return on equity of 11.81% and a net margin of 3.79%.The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the business posted $0.78 earnings per share. The company's quarterly revenue was down 7.5% compared to the same quarter last year. On average, research analysts predict that Parsons will post 3.58 earnings per share for the current year.

Hedge Funds Weigh In On Parsons

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Parsons by 38.0% in the first quarter. NewEdge Advisors LLC now owns 959 shares of the company's stock worth $57,000 after acquiring an additional 264 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Parsons by 433.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,260 shares of the company's stock valued at $75,000 after purchasing an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Parsons during the second quarter valued at about $228,000. Prudential Financial Inc. raised its stake in shares of Parsons by 40.9% in the 2nd quarter. Prudential Financial Inc. now owns 5,945 shares of the company's stock valued at $427,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Parsons by 176.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 828 shares of the company's stock worth $59,000 after purchasing an additional 528 shares during the period. 98.02% of the stock is currently owned by institutional investors and hedge funds.

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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