Parsons (NYSE:PSN) Price Target Raised to $64.00

Parsons (NYSE:PSN) had its target price boosted by research analysts at UBS Group from $61.00 to $64.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group‘s price target would indicate a potential upside of 27.65% from the stock’s previous close.

PSN has been the subject of several other research reports. TD Cowen decreased their target price on shares of Parsons from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Truist Financial reiterated a “buy” rating and issued a $60.00 price target (down from $75.00) on shares of Parsons in a research note on Thursday, July 30th. Zacks Research raised shares of Parsons from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Citigroup reduced their price objective on shares of Parsons from $66.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Parsons in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.50.

Parsons Stock Down 0.8%

NYSE PSN traded down $0.38 during trading on Thursday, hitting $50.14. The stock had a trading volume of 515,981 shares, compared to its average volume of 1,291,323. Parsons has a 12 month low of $36.26 and a 12 month high of $88.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.66. The company’s 50-day moving average price is $45.55 and its two-hundred day moving average price is $54.35. The company has a market capitalization of $5.36 billion, a PE ratio of 34.60, a P/E/G ratio of 4.13 and a beta of 0.72.

Parsons (NYSE:PSN) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.11. Parsons had a net margin of 2.50% and a return on equity of 8.10%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business earned $0.86 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Parsons will post 2.06 EPS for the current year.

Insider Activity at Parsons

In related news, Director George Ball acquired 20,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $47.97 per share, with a total value of $959,400.00. Following the acquisition, the director owned 170,383 shares in the company, valued at $8,173,272.51. This represents a 13.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Parsons

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Parsons by 183.6% during the second quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after acquiring an additional 358 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Parsons in the third quarter valued at $31,000. GAMMA Investing LLC grew its position in shares of Parsons by 160.0% in the 2nd quarter. GAMMA Investing LLC now owns 949 shares of the company’s stock valued at $50,000 after acquiring an additional 584 shares during the period. Danske Bank A S bought a new position in shares of Parsons in the 2nd quarter valued at about $58,000. Finally, Continuum Advisory LLC bought a new position in shares of Parsons in the 2nd quarter valued at about $59,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Parsons

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Parsons reported third-quarter adjusted EPS of $0.89, above the $0.78 consensus estimate, while revenue of approximately $1.65 billion also exceeded expectations. Adjusted EBITDA rose 6% to a record $168 million, with the margin expanding to a record 10.2%. Parsons Reports Third Quarter 2026 Results
• Positive Sentiment: Record total backlog of $9.4 billion and funded backlog of $6.8 billion increased 6% and 7%, respectively. Net bookings of $1.8 billion produced a 1.1x book-to-bill ratio, while operating cash flow improved to $269 million from $163 million a year earlier. Federal Solutions awards increased 53% year over year. Parsons Q3 Revenue Reaches $1.7 Billion as Backlog Hits Record
• Positive Sentiment: Management expects its products business to grow 20%-30% in 2027, providing a potentially stronger growth catalyst after 2026. Parsons Expects Products Growth in 2027
• Neutral Sentiment: CFO Matt Ofilos will resign on November 6 to pursue another opportunity. Former CFO and current director George Ball will serve as interim CFO, offering continuity but adding uncertainty while Parsons searches for a permanent replacement. Parsons Announces Chief Financial Officer Transition
• Negative Sentiment: Investors appeared disappointed by the outlook: Parsons narrowed 2026 revenue guidance to $6.25 billion-$6.45 billion and adjusted EBITDA guidance to $510 million-$515 million. Q3 GAAP net income fell 16% to $54.2 million, and organic revenue declined 1%, reinforcing concerns about near-term growth.

About Parsons

Parsons Corporation (NYSE: PSN) is a technology-driven solutions provider serving government and commercial customers in the defense, intelligence, critical infrastructure and transportation markets. The company develops and integrates solutions for complex security, engineering and infrastructure challenges, combining software, systems engineering, cybersecurity, data analytics and program management capabilities.

Parsons operates through its Federal Solutions and Critical Infrastructure segments.