UBS Group Cuts Parsons (NYSE:PSN) Price Target to $58.00

Parsons (NYSE:PSN) had its target price trimmed by UBS Group from $67.00 to $58.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Parsons in a research report on Wednesday, July 8th. BNP Paribas Exane set a $65.00 price target on Parsons and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Barclays cut their price objective on Parsons from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Robert W. Baird restated a “neutral” rating and issued a $60.00 price objective on shares of Parsons in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.82.

Parsons Stock Performance

Shares of PSN stock opened at $44.37 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.66 and a quick ratio of 1.75. The firm has a 50-day moving average of $55.09 and a 200-day moving average of $58.10. Parsons has a one year low of $36.26 and a one year high of $89.50. The company has a market cap of $4.74 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.39 and a beta of 0.66.

Parsons (NYSE:PSN) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.82). Parsons had a return on equity of 8.10% and a net margin of 2.50%.The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that Parsons will post 2.97 EPS for the current fiscal year.

Insider Transactions at Parsons

In other news, Director Mark Keith Holdsworth acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $51.27 per share, for a total transaction of $512,700.00. Following the completion of the purchase, the director owned 39,918 shares in the company, valued at approximately $2,046,595.86. This trade represents a 33.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Carey A. Smith acquired 12,500 shares of Parsons stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $49.97 per share, with a total value of $624,625.00. Following the completion of the acquisition, the chief executive officer owned 575,376 shares of the company’s stock, valued at $28,751,538.72. This trade represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 32,500 shares of company stock worth $1,637,325 in the last quarter. Insiders own 1.31% of the company’s stock.

Institutional Trading of Parsons

Several hedge funds have recently made changes to their positions in PSN. GAMMA Investing LLC lifted its position in shares of Parsons by 160.0% during the 2nd quarter. GAMMA Investing LLC now owns 949 shares of the company’s stock valued at $50,000 after buying an additional 584 shares during the last quarter. Versant Capital Management Inc increased its holdings in Parsons by 183.6% in the 2nd quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Keel Point LLC purchased a new stake in Parsons in the 1st quarter worth about $218,000. Henshaw Capital LLC raised its stake in Parsons by 49.7% in the 1st quarter. Henshaw Capital LLC now owns 17,834 shares of the company’s stock valued at $966,000 after acquiring an additional 5,923 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Parsons by 4.0% in the 1st quarter. Sunbelt Securities Inc. now owns 38,560 shares of the company’s stock valued at $2,089,000 after acquiring an additional 1,500 shares during the period. 98.02% of the stock is currently owned by institutional investors.

Key Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: UBS, Stifel Nicolaus, Truist Financial and Barclays maintained bullish ratings, although each reduced its price target. The revised targets—$58 from UBS, $66 from Stifel, $60 from Truist and $60 from Barclays—still imply meaningful upside from recent levels. UBS price target article
• Positive Sentiment: Management highlighted strong bookings, strategic growth opportunities and a planned divestiture targeted for completion in the third quarter. Parsons is forecasting 2026 revenue of $6.2 billion to $6.5 billion, which could support longer-term execution if project issues are resolved. Parsons outlook article
• Neutral Sentiment: Multiple law firms announced investigations into possible securities-law violations following the earnings disclosure. These announcements are investor solicitations and do not establish wrongdoing, but they add headline and potential litigation risk. Parsons securities investigation article
• Negative Sentiment: Parsons reported second-quarter adjusted EPS of negative $0.06 versus the $0.76 analyst consensus, with revenue of $1.59 billion below the $1.61 billion estimate. Net income fell by $70 million year over year, adjusted EBITDA declined 72%, and the adjusted EBITDA margin contracted by 670 basis points.
• Negative Sentiment: The company cut 2026 revenue guidance to $6.2 billion–$6.5 billion from $6.5 billion–$6.8 billion and adjusted EBITDA guidance to $500 million–$560 million from $615 million–$675 million. Parsons cited a terminated fixed-price contract, project delays, portfolio-shaping actions and a joint-venture program charge. Parsons guidance cut article

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.