Parsons (NYSE:PSN) Reaches New 1-Year Low - Time to Sell?

Key Points

• Parsons hit a new 52-week low of $56.16 on Friday, trading around $56.12 on ~194,512 shares and sitting well below its 50‑day ($67.02) and 200‑day ($74.32) moving averages.
• The company missed quarterly expectations, reporting $0.75 EPS vs. a $0.81 consensus and revenue of $1.60 billion, down 7.5% year‑over‑year, indicating near‑term softness.
• Despite mixed analyst actions, the street maintains a cautiously positive view—MarketBeat shows a Moderate Buy consensus with an average target price of $83.42.

Parsons Corporation (NYSE:PSN - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $56.16 and last traded at $56.1230, with a volume of 194512 shares. The stock had previously closed at $56.81.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. William Blair raised Parsons from a "market perform" rating to an "outperform" rating in a report on Thursday, November 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Parsons in a report on Monday, December 29th. Raymond James Financial downgraded shares of Parsons from a "strong-buy" rating to a "market perform" rating in a research note on Friday, December 5th. UBS Group reduced their price objective on Parsons from $104.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Parsons in a research note on Thursday, January 15th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.42.

Parsons Stock Performance

The firm has a market capitalization of $5.90 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.84 and a beta of 0.68. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 1.75. The stock's 50 day moving average is $67.02 and its two-hundred day moving average is $74.32.

Parsons (NYSE:PSN - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.06). Parsons had a net margin of 3.79% and a return on equity of 11.81%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business's revenue was down 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Parsons Corporation will post 3.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Parsons

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings 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 increased its stake in Parsons by 433.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,260 shares of the company's stock worth $75,000 after purchasing an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Parsons during the 2nd quarter worth approximately $228,000. AE Wealth Management LLC raised its holdings in Parsons by 10.5% during the 2nd quarter. AE Wealth Management LLC now owns 8,458 shares of the company's stock worth $607,000 after buying an additional 802 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Parsons by 89.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,018 shares of the company's stock valued at $2,729,000 after buying an additional 17,983 shares in the last quarter. Institutional investors and hedge funds own 98.02% of the company's stock.

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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