Parsons’ (PSN) Buy Rating Reiterated at Truist Financial

Parsons (NYSE:PSN)‘s stock had its “buy” rating reissued by stock analysts at Truist Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $85.00 price target on the stock, down from their previous price target of $90.00. Truist Financial’s price objective suggests a potential upside of 38.20% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. TD Cowen raised shares of Parsons from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $75.00 in a research note on Wednesday, December 10th. Barclays boosted their price target on Parsons from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of Parsons in a report on Thursday, January 15th. Robert W. Baird cut their target price on shares of Parsons from $100.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, December 8th. Finally, William Blair raised shares of Parsons from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 20th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.62.

Parsons Stock Up 2.1%

PSN stock traded up $1.26 during trading hours on Thursday, hitting $61.51. The company’s stock had a trading volume of 164,488 shares, compared to its average volume of 1,171,130. Parsons has a 12 month low of $54.56 and a 12 month high of $89.50. The stock has a 50 day moving average price of $67.05 and a two-hundred day moving average price of $76.30. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $6.55 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 3.93 and a beta of 0.66.

Parsons (NYSE:PSN) last posted its earnings results on Wednesday, February 11th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.68 billion. Parsons had a net margin of 3.69% and a return on equity of 11.98%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, equities research analysts expect 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 bought and sold shares of PSN. Channing Capital Management LLC grew its holdings in Parsons by 20.3% during the second quarter. Channing Capital Management LLC now owns 1,277,286 shares of the company’s stock valued at $91,671,000 after purchasing an additional 215,106 shares during the period. Hood River Capital Management LLC bought a new position in shares of Parsons in the second quarter worth $11,153,000. Retirement Systems of Alabama grew its holdings in shares of Parsons by 63.3% during the third quarter. Retirement Systems of Alabama now owns 93,860 shares of the company’s stock worth $7,783,000 after purchasing an additional 36,384 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Parsons during the 3rd quarter worth $1,369,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Parsons by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 843,863 shares of the company’s stock worth $69,973,000 after purchasing an additional 15,444 shares in the last quarter. 98.02% of the stock is owned by hedge funds and other institutional investors.

More Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Full‑year operational strength: Parsons reported record adjusted EBITDA ($609M) and record net income ($241M) for FY2025, plus improved adjusted EBITDA margin and several cash metrics that show profitability momentum — highlights from the company release. Parsons Reports Fourth Quarter and Fiscal Year 2025
• Positive Sentiment: Large contract wins: Management said Parsons won 15 contracts worth $100M+ each (matching last year’s record), supporting medium/long‑term backlog potential. Parsons Reports Fourth Quarter and Fiscal Year 2025
• Neutral Sentiment: Earnings call and slides: Management held its Q4/FY2025 call and posted a slide deck and transcript detailing segment performance and priorities — useful for investors wanting management’s explanation of near‑term outlook. Parsons (PSN) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 revenue and EPS missed expectations: Q4 EPS was $0.75 vs. consensus ~ $0.81 and revenue was $1.60B vs. ~$1.68B — revenue down ~8% year‑over‑year; these misses are the immediate catalyst for today’s selloff. Parsons Q4 Earnings Data and Call
• Negative Sentiment: Backlog decline and contract headwinds: Deep‑dive reporting and management commentary highlighted a declining backlog and softer wins in some segments, pressuring near‑term revenue visibility and contributing to the negative market reaction. PSN Q4 Deep Dive: Backlog Declines and Missed Estimates Amid Contract Headwinds
• Negative Sentiment: Market reaction and analyst coverage: Coverage notes and independent writeups point to the Q4 miss plus guidance ambiguity as drivers of a sharp intraday drop in the stock; investor focus will be on whether FY2026 guidance (revenue range provided) and upcoming wins restore confidence. Why Parsons Corporation’s (PSN) Stock Is Down 9.78%

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.