Parsons Corporation (NYSE:PSN) Stock Has Average Price Target of $63.00

Parsons Corporation (NYSE:PSN) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $63.50.

Several analysts have recently weighed in on the company. Truist Financial restated a “buy” rating and set a $60.00 target price (down from $75.00) on shares of Parsons in a research note on Thursday, July 30th. The Goldman Sachs Group cut their target price on Parsons from $69.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Robert W. Baird raised shares of Parsons from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $48.00 to $57.00 in a research note on Friday, August 21st. UBS Group lifted their price target on shares of Parsons from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Parsons in a research report on Wednesday, July 29th.

Parsons Stock Down 2.2%

PSN stock opened at $49.43 on Friday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 4.25 and a beta of 0.72. Parsons has a 12 month low of $36.26 and a 12 month high of $88.00. The company has a fifty day moving average price of $45.60 and a 200 day moving average price of $54.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 1.66.

Parsons (NYSE:PSN) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. Parsons had a net margin of 2.33% and a return on equity of 8.11%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Sell-side analysts expect that Parsons will post 2.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director George Ball bought 20,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost 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 trade represents a 13.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.31% of the company’s stock.

Institutional Trading of Parsons

A number of institutional investors have recently bought and sold shares of PSN. Versant Capital Management Inc raised its position in Parsons by 183.6% during the 2nd quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after purchasing an additional 358 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Parsons during the third quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in Parsons by 160.0% in the second quarter. GAMMA Investing LLC now owns 949 shares of the company’s stock worth $50,000 after purchasing an additional 584 shares during the period. Danske Bank A S bought a new stake in Parsons during the 2nd quarter valued at $58,000. Finally, Continuum Advisory LLC acquired a new position in Parsons during the second quarter worth $59,000. Institutional investors own 98.02% of the company’s stock.

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, exceeding the $0.78 consensus estimate, while revenue rose approximately 2% year over year to $1.65 billion, ahead of expectations. Adjusted EBITDA increased 6% to a record $168 million, with the margin expanding to 10.2%. Parsons Reports Third Quarter 2026 Results
• Positive Sentiment: Record total backlog of $9.4 billion and funded backlog of $6.8 billion, along with $1.8 billion of bookings and a 1.1x book-to-bill ratio, support the company’s longer-term growth outlook. Federal Solutions awards increased 53% year over year. Parsons Q3 Revenue and Backlog
• Positive Sentiment: UBS raised its price target for PSN from $61 to $64 and upgraded the stock to “buy,” implying substantial upside from the recent trading level. The call likely reflects confidence in Parsons’ backlog, margins and positioning in national security and infrastructure markets. UBS Group Ratings
• Neutral Sentiment: Parsons expects 20%-30% growth in its products business in 2027, providing a potential future catalyst, although investors may focus more immediately on the company’s 2026 outlook. Parsons 2027 Products Growth Outlook
• Negative Sentiment: Management narrowed 2026 revenue guidance to $6.25 billion-$6.45 billion and adjusted EBITDA guidance to $510 million-$515 million. The cautious outlook appears to have outweighed the quarterly earnings beat, particularly as GAAP net income fell 16% to $54.2 million, partly because of transaction-related expenses.
• Negative 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, providing continuity but creating uncertainty while Parsons searches for a permanent replacement. Parsons CFO Transition

Parsons Company Profile

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.